Russia Is Getting Around Sanctions — and Possibly Damaging the U.S. Dollar — With a Gigantic Chinese Gas Deal

Russia and China are getting cozier, and it could spell bad news for the West. ✧ Bloomberg reported Monday that the two powers had signed a second energy deal, one that was nearly as large as the $400 billion deal Russia and China reached earlier this year. ✧ The accord came as President Barack Obama arrived in Beijing for the Asia-Pacific Economic Cooperation summit, and some are speculating that the deal is part of a concerted effort by Russia and China to undermine the strength of the U.S. dollar and its role as an international currency.

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