In a previous post, I wrote about how the ongoing Russian invasion of Ukraine was highly predictable and many years in the making. Here is a link to a fairly factual piece by an American think-tank on how such this outcome was almost inevitable and the many factors behind the decision matrix as seen from Russian viewpoint
That might occur anyway once most of demand for crude oil shifts to the East. I mean.. Saudis have to sell their most important export and if Asian countries buy most of it, and USA is no longer a useful and reliable ally, it makes sense to move towards a different financial system. Will likely occur over years, not weeks or days.
is saudi arabia about to abandon the west in favor of this new russia/china system?
That might occur anyway once most of demand for crude oil shifts to the East. I mean.. Saudis have to sell their most important export and if Asian countries buy most of it, and USA is no longer a useful and reliable ally, it makes sense to move towards a different financial system. Will likely occur over years, not weeks or days.