Saturday , May 4 2024
Home / Mike Norman Economics / Reuters— Rusal triggers Iran-style defense after U.S. sanctions – source

Reuters— Rusal triggers Iran-style defense after U.S. sanctions – source

Summary:
Russian aluminum giant Rusal has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said. De-dollarization. ReutersExclusive: Rusal triggers Iran-style defense after U.S. sanctions - source Dmitry Zhdannikov, Pratima Desai

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Michael Hudson writes Krugman Clings to Currency Tropes

Michael Hudson writes The QE Quandry

Mike Norman writes Sputnik — Head of US Think Tank Warns: ‘Club of Very Powerful Countries’ is Moving Away From Dollar Use

Mike Norman writes One Of The World’s Largest Oil Companies Just Ditched The Dollar — Tsvetana Paraskova

Russian aluminum giant Rusal has activated a contingency plan asking customers to pay in euros instead of dollars to try to skirt round U.S. sanctions, a source close to the matter said.
De-dollarization.
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.

Leave a Reply

Your email address will not be published. Required fields are marked *