It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Wednesday, February 03, 2016

Goodbye Petrodollar: Russia Accepts Yuan, Is Now China's Biggest Oil Partner

http://russia-insider.com/en/politics/saudi-arabia-has-lost-asia-russia-now-chinas-biggest-oil-partner/ri12611

Now the Saudis find themselves neck and neck with Moscow for the lead in Chinese market share, with both performing in the 13-16% range. But Russia's share continues to rise, as The Kingdom struggles to maintain a foothold. Why? Analysts attribute Russia's huge market share growth to its willingness to accept yuan, while Saudi Arabia is still clinging to blood-soaked dollars.''

No comments:

Post a Comment