banking sources
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Daniel Ahn
discounted prices
economic power
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emerging economies
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energy security
European petrol stations
financial transactions
Foreign Policy
former chief economist
geopolitical risks
global oil trade
india
international oil trade
non-US denominated fiat currencies
oil deals
oil traders
reserve currency
Russia
trade agreements
transitory gains
UAE dirham
United Arab Emirates
US Dollar
US State Department
western sanctions
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
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…