Tag Archives: rouble

Dedollarisation and Reducing Dollar Hegemony Following the Russian Military Operation in Ukraine

We’ve been writing about dedollarisation here for some time.

Russia and much of the world have been seeking to dedollarise for a while. In the wake of the Russian military operation in Ukraine, one of the outcomes of countersanctions by Russia against the US and the rest of the west is them being forced to use the Russian Rouble to buy oil and gas.

This does something Russia has wanted to do for a while: reduce US dollar hegemony.

When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.… Click here to continue reading this article

More on Russia, The Rouble, Sanctions & Gas.

The western media likes to howl about how sanctions are affecting Russia. But who do they really effect?

The effect of US trade sanctions on Russia and vice versa is minute as their total annual trade value was about $5-6 billion. If this halved to $3 billion neither the US or Russia would notice. That is pocket change…

The effect of trade sanctions on Europe is much more severe. Putin has always said that trade sanctions cuts both ways. It appears that these trade sanctions are now tipping continental Europe into a “triple dip” recession.… Click here to continue reading this article