Russia quietly prepares to switch some oil trading from dollars to rubles

Russia quietly prepares to switch some oil trading from dollars to rubles

www.iht.com

MOSCOW: Russia, the world's second-largest oil-exporting nation after Saudi Arabia, has been quietly preparing to switch trading in Russian Ural Blend oil, the country's primary export, from the dollar to the ruble. But the change, if it comes, is still some time off, industry analysts and officials said.

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I dont think the elite would like this one.

Seems like the Russian are going to push to make this one happen one way or the other. I wonder besides Iran how many other countries would follow.

This could spell more bad news for the U.S. as if we dont have enough problems in our economy already. Maybe some of this countries are really intending to see the U.S. fail.



www.iht.com
(visit the link for the full news article)