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Sputnik — Russia Prepares to Transfer All Currency Liquidity From Dollar to Euro

Summary:
De-dollarization continues owing to politicization of the USD by the US government as a foreign policy tool. US economic warfare is also driving a closer Sino-Russian alliance, including military and technology sharing, as well as renewing the arms race. Cold War 2.0 is on, and the parties are setting up for it to last.Sputnik International (Russian state-sponsored media)Russia Prepares to Transfer All Currency Liquidity From Dollar to EuroTransition From Dollar in Int'l Settlements Happens Naturally, Russian Finance Ministry SaysHead of Russia's Roscosmos Believes US Could Introduce New Sanctions Later in 2021TASS (Russian state media)Russia is preparing for possible disconnection from payment systems — Foreign MinistrySanctions against Russia will remain forever — diplomaRussia ready

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De-dollarization continues owing to politicization of the USD by the US government as a foreign policy tool. US economic warfare is also driving a closer Sino-Russian alliance, including military and technology sharing, as well as renewing the arms race. Cold War 2.0 is on, and the parties are setting up for it to last.

Sputnik International (Russian state-sponsored media)
Russia Prepares to Transfer All Currency Liquidity From Dollar to Euro

Transition From Dollar in Int'l Settlements Happens Naturally, Russian Finance Ministry Says

Head of Russia's Roscosmos Believes US Could Introduce New Sanctions Later in 2021


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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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