by Ethan Huff, Natural News:
The United States Treasury under Janet Yellen is systematically destroying the U.S. dollar (Federal Reserve Note) by endlessly poking the bear of Russia with yet another round of new sanctions.
After the Treasury unveiled its latest sanction package against Russia, the Moscow Exchange (MOEX) reportedly suspended all trading in both dollars and euros, this marking the latest step towards de-dollarization.
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In a statement, MOEX revealed that the suspension affects all foreign and precious metals trades as well as stock and money trades on Russia’s largest public trading markets.
“Except for dollars and euros, all other financial instruments remain operational,” RT reported about the change, noting that the derivatives market is unaffected by the changes with trade continuing as normal.
The Health Ranger issued a statement about the change as well, which you can read below from X:
BREAKING: #Russia just banned all trading in the #dollar and euro, across the Moscow exchange. The collapse of the #dollar and the rise of #BRICS currencies is happening faster than we even anticipated. Every time the incompetent fools in Washington D.C. apply more dollar…
— HealthRanger (@HealthRanger) June 12, 2024
Janet Yellen targeting Russia’s “foundational financial infrastructure”
The Treasury’s new package of restrictions against Russia explicitly targets the country’s “foundational financial infrastructure.” Yellen claims that Russia has fully transition into a “war economy” and is now “deeply isolated” from the international financial system.
“Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries,” Yellen said.
Russia’s Central Bank also commented on the matter, explaining that “transactions in the U.S. dollar and euro will continue on the over-the-counter market.” Exchange rates will be calculated by the Bank of Russia using “bank records and information from digital over-the-counter trading platforms,” it added.
