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Nations are being forced to go it alone in erecting defences against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert.
Russia slipped closer to a technical default after foreign banks declined to process about $650 million of dollar payments on its bonds, forcing it to offer rubles instead.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Russia’s efforts to avoid sovereign default were undermined by a new United States sanction.