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World News See other World News Articles Title: New Sanction: US Bans All Import or Export of Dollars to Russia I know it’s difficult to keep track of all of these different sanctions that the US is putting on Russia. But this is a new one which is intended to make it impossible for them to trade oil, or for citizens to use dollars for other forms of trade. This is something that has never been done to North Korea or Iran. Russia passed the world record for most sanctioned country like a week ago, now they’re like a tranny in the women’s swimming competition of the sanctions olympics. RT: On Friday, the United States prohibited the exportation, re-exportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, of US dollar-denominated banknotes to the Russian government or any person located in Russia. The White House is ramping up economic pressure on Russia over the war in Ukraine. This presents a serious problem for Russia, which is a major oil exporter, as most oil contracts are settled in US currency. It presents a serious problem or a serious opportunity. I’m not going to say “Bitcoin fixes this,” although Bitcoin obviously fixes this. However, Russia has oil for sale, and the US just caused the price of oil to shoot through the roof, so China and others are going to figure out a way to buy oil from Russia. While it will take Russia a minute to implement a process to deal with this (I’m sure the process has already been laid out), all this really does in the long-run (and even the medium-run) is devalue the dollar. At some point, the entire rest of the world is going to start asking why they continue to cut the US in on all of these deals. It used to be that the US got cut in because if you tried to cut them out you’d get invaded or at least bombed. But the US recently made a humiliating surrender to these guys: Post Comment Private Reply Ignore Thread
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