"The Saudi oil war against Russia, Iran and the US" de Pepe Escobar es el artículo de este mes inherente al fin del imperio...
A hefty Chinese delegation led by Premier Li Keqiang has just signed a package of deals in Moscow ranging from energy to finance, and from satellite navigation to high-speed rail cooperation. For China, which overtook Germany as Russia's top trading partner in 2011, this is pure win-win.
The central banks of China and Russia have just signed a crucial, 3-year, 150 billion yuan bilateral local-currency swap deal. And the deal is expandable. The City of London basically grumbles- but that's what they usually do.
This new deal, crucially, bypasses the US dollar. No wonder it's now a key component of the no holds barred proxy economic war between the US and Asia. Moscow cannot but hail it as sidelining many of the side effects of the Saudi strategy.
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