Russia » Economics
Author`s name Dmitry Sudakov

Can Russia break dollar's spine? - Comments

Russian imports of military hardware in 2013 reached 15.7 billion dollars. By early 2014, the order backlog reached $40 billion. Yet, most payments are made in dollars, which means that the American system benefits from the Russian trade. Wouldn't it be logical for Russia to abandon the widespread support of the dollar in light of sanctions?

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