RE: Russian Ruble Officially Bound To Gold30 Mar 2022 10:09
Looks to me like China has said no to requests for help but will save putins blushes by not saying it publicly, china Russia trade is 10% of china EU trade so although they will help its not going to cut it long term. Nord 2 is dead nord one goes through Ukraine and other states to its market so they could easilly " tax " the gas in dollars ??? Russia has staved off collapse but they cant even make tampons in country anymore and it will take years to wipe the stain of this from the worlds Big Brands and the western cancel culture ( righly or wrongly)
Ptro chems and metals will still be in demand but the after shocks of this will take years to overcome, if every anti Us country got together and tried to seperate Oil from Dollars it would still fail atm Stable currency is whats needed in petro chem transactions cant have a deal done monday and the yuan/rub collapse 10% tuesday !! so damage has been done and will take time to recover but for now lets just hope for an end to mass killings by whatever name you wish to label them ??? gla