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Paul Antonopoulos — Major: Russia Responds to Sanctions – Will Phase Out Usd for All Foreign Trade

Summary:
According to [Finance Minister Anton] Siluanov, the Russian authorities are working to avoid using the dollar in foreign trade, and start to carry out transactions in euros, rubles and other currencies.… “The list of countries that want to reduce their dependence on the US currency is large and includes all states that have already suffered or those who fear suffering from the dollar’s extremism,” the author said.... Fort Russ NewsMajor: Russia Responds to Sanctions – Will Phase Out Usd for All Foreign Trade Paul AntonopoulosSee also “I can say now that our economy has become less dependent on oil prices and less dependent on the impact of sanctions. We have learned to respond to the restrictions that have been introduced, we have started to develop our own economy, our own industry and

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According to [Finance Minister Anton] Siluanov, the Russian authorities are working to avoid using the dollar in foreign trade, and start to carry out transactions in euros, rubles and other currencies.…
“The list of countries that want to reduce their dependence on the US currency is large and includes all states that have already suffered or those who fear suffering from the dollar’s extremism,” the author said....
Fort Russ News
Major: Russia Responds to Sanctions – Will Phase Out Usd for All Foreign Trade
Paul Antonopoulos

See also

“I can say now that our economy has become less dependent on oil prices and less dependent on the impact of sanctions. We have learned to respond to the restrictions that have been introduced, we have started to develop our own economy, our own industry and agriculture,” Siluanov told channel Russia-1....

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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