For a more extensive report about Russia's possible switch to Euros for oil trade, see this article.
I must say, I'm not certain how all this will work out, but it does feel to me that sands are shifting, that more and more sentiment exists out there--in Latin America, in the middle east, in Europe, even in Africa--that America's the world pariah, or at least the bothersome bully on the block. Surely not the fine, high-principled nation of freedoms the present Administration claims.
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