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ENERGY COMPASS

Contextual geopolitical analysis of the global energy landscape

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  • Russia’s push for payment for its energy exports in non-dollar or euro currencies, and for conversion of any euro or dollar payments into rubles, is partly a bid to weaken the influence of the dollar globally. Instead, we see Russia risking burdening itself with unconvertible currencies. Most currency trade also touches the US financial system, leaving Russia vulnerable to possible US secondary sanctions.
JILL JUNNOLA is the Editor of Energy Compass and coordinates Mideast coverage for Energy Intelligence. Her work focuses on the shifts in energy geopolitics and the relations among major oil producers and consumers.
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