India's oil deals with Russia dent decades-old dollar dominance
Paying for oil in dollars has been the nearly universal practice for decades
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Paying for oil in dollars has been the nearly universal practice for decades
"Russian suppliers will find some other banks for receiving payments," the source told Reuters. "As it is, the government is not asking us to stop buying Russian oil, so we are hopeful that an alternative payment mechanism will be found in case the current system is blocked."
Booming oil trade between the two nations shifts to alternative currencies The US dollar is seeing its decades-long dominance in oil trade
Booming oil trade between the two nations shifts to alternative currencies The US dollar is seeing its decades-long dominance in oil trade
Reed Smith announced the addition of Evan Barr as a partner in its Regulatory and Investigations Group.