TheMalcontent
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Russia-Ukraine Flash Report - 3/15/22 13:30 PDT
🕑 Added 2022-03-15 20:30:05 +0000 UTCYou're going to see a lot of hand wringing and confusion over two events on the geopolitical front today.
1) Russia is cutting it's own nuke deal with Iran! Not true. Russia blocked a deal that would renew the 2015 nuclear monitoring agreement that former President Trump left in 2018. Russia has been assured they would have a seat at the table as an equal with all other parties in the negotiations. This is a diplomatic loss for Russia, because they have dropped their requirement of having sanctions lifted before renewing negotiations.
2) Saudi Arabia is abandoning the US Dollar for oil and is moving to the Chinese Yuan! Also, not true. Even Seeking Alpha has positioned this as mulling, considering, thinking about. Even if Saudi Arabia starts taking payments in Yuan and USD, it is largely symbolic.
OPINION: Breathe.
