Roscat

Russia's Pact with China: Will Others Follow Suit?

As said above, the Russia-China relationship is deeper than many understand.

The oil deal is just the beginning of the dollar fall. China will pay in roubles and thus will support the Russian currency by selling the dollar. China will further buy Eastern European currencies against the dollars they have in order to diversify.

This will support the EE countries, China's diversification and the US dollar needs of more capital.

But, it needs to happen faster and China only likes things incremental.

Regards.