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The likelihood of a dollar boycott by Russia (2016-12-08)

The likelihood of a dollar boycott by Russia

Russian Deputy Foreign Minister Sergei Ryabkov said in a warning to the United States: If the United States continues to carry out its current sanctions against Russia then the US dollar will be removed from the current Russian currency. This is due to the fact that the US Congress with 419 votes in favor has extended sanctions against Russia which is to the detriment of Russia.
But if Russia is to take action then global currency and stock markets may suffer from projected shocks which can not be a good news for traders.

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