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3232India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
https://www.digit.info/india-russia-oil-deals-chip-away-at-dollar-dominance-in-international-trade/
Wed, 08 Mar 2023 22:04:57 +0000https://www.digit.info/2023/03/08/india-russia-oil-deals-chip-away-at-dollar-dominance-in-international-trade/Read more]]>On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S. […]
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S. […]