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The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was allowed to expire this past Sunday. The term ‘petrodollar’ described the U.S. dollar’s (USD) role as the currency used for crude oil transactions on the world market. It traces back ...
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post: DRAFT G7 STATEMENT: "WE WILL RESTRICT ACCESS TO OUR FINANCIAL SYSTEMS FOR TARGETED ENTITIES, INCLUDING CHINESE, THAT SUPPORT RUSSIA'S WAR EFFORT" post: DRAFT G7 STATEMENT: "WE WILL CONTINUE TO APPLY SIGNIFICANT PRESSURE ON RUSSIAN REVENUES FROM ENERGY AND OTHER COMMODITIES", INCLUDING ACTION ON PRICE CAP post: DRAFT G7 STATEMENT: PROMISES ADDITIONAL SANCTIONS ON "THOSE ENGAGED IN DECEPTIVE PRACTICES WHILE TRANSPORTING RUSSIAN OIL" post: DRAFT G7 STATEMENT: PLEDGES TO CONTINUE EFFORTS TO REDUCE RUSSIA’S REVENUES FROM METALS AND ENERGY post: DRAFT G7 STATEMENT: **"WE URGE TEHRAN TO CEASE AND REVERSE NUCLEAR ESCALATIONS, AND STOP THE CONTINUING URANIUM ENRICHMENT ACTIVITIES THAT HAVE NO CREDIBLE CIVILIAN JUSTIFICATIONS" **CALL ON IRAN TO STOP ASSISTING RUSSIA’S WAR IN UKRAINE AND NOT TO TRANSFER BALLISTIC…