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Inside China and Russia's Battle Against the US Dollar

The Breakdown

00:00

Saudi Arabia - The World's Biggest Buyer of Saudi Oil

China buys more than 25 % of the oil that saudi arabia exports. If priced in yuan, those sales would boost the standing of china's currency. But europe still depends on cheap russian gas. So now puten says russia will only send europe gas if they pay in roubles. He is effectively forcing his enemies to prop up his currency. Rouble demand boosted the end of the petro dollar.

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