Petrodollar Status Threatened As First Shipment Of Russian Coal Paid In Yuan On Its Way To China

Thus far, the most severe consequence of Russia's military operation has been the exclusion of Russian banks from the global financial system. But the tide seems to be turning with petrodollar's status threatened as first shipment of Russian coal paid in Yuan is on its way to China.

The first shipments of Russian coal and crude oil will start arriving in China in April and May, respectively, and will be paid for in yuan. The occasion was taken by Chinese official media to criticize the U...

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