Ukraine Crisis And Rise Of The PetroRuble

Russian President Vladimir Putin declared at a conference with the administration on Wednesday that Russia would only accept ruble payments for gas shipments to "unfriendly countries." This could indicate the resurgence of the Russian economy and the rise of the PetroRuble.

Putin announced on Wednesday that Russia intends to abandon all "compromised" currencies in gas purchase agreements. He went on to say that a number of Western countries' unlawful acts to seize Russia's assets had sha...

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