Kerry visit Russia to soothe relation.

[Oerets]

China and Russia sign a deal to undercut the Dollar.


http://america.aljazeera.com/article...-bankdeal.html



Barney

[finnbow]

The Ruble or Yuan will never become a reserve currency, so this act is far more symbolic than meaningful IMO.

[Dondilion]

Originally Posted by finnbow

The Ruble or Yuan will never become a reserve currency, so this act is far more symbolic than meaningful IMO.

True! It is also a way to say "We have options".

[Boreas]

Originally Posted by Dondilion

Kerry urges Poroshenko not to reignite the conflict.

http://rt.com/news/257953-lavrov-kerry-sochi-talks/

One has to wonder how much control Poroshenko has over his "Volunteer Battalions" or, for that matter, how much control he has over the other oligarchs.

[Boreas]

Originally Posted by finnbow

The Ruble or Yuan will never become a reserve currency, so this act is far more symbolic than meaningful IMO.

Never say never.

The ruble is far too unstable to ever be a reserve currency, and likely to remain so, but the yuan is a different story. If China decided that a strong and stable yuan was more important than an artificially weak one, likely as they attempt to transition from an economy heavily dependent on exports to one where domestic consumption, especially of imported goods, become increasingly important.