Wednesday, 8 March 2023

India’s oil deals with Russia dent decades-old dollar dominance

NEW DELHI: U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies. The dollar’s pre-eminence has periodically been called into question and yet it has continued because of the […]

from Daily Times https://ift.tt/C1y6Je4

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