Tag Archives: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

ActivistPost – Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar – 14 May 2014

Logo_activistpost-comBy Michael Snyder

Is the petrodollar monopoly about to be shattered?  When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States.  But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.  For decades, virtually all oil and natural gas around the world has been bought and sold for U.S. dollars.

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