Assessment: The nations are re-evaluating a US dollar denominated world … With China refusing to bend the knee to Washington’s “denounce Putin” demands, it appears the Biden administration’s narrative that the world is united against Russia is creaking at the seams as Bloomberg reports that cheap Russian Urals crude is finding willing buyers in India. And why wouldn’t they… With Urals Crude trading at a stunning $30 discount to Brent, who can blame India for snapping it
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