This Is Not Really The News...

 ...it has been known for a long time. 

The yuan/ruble exchange rate will now set the trajectory for other currency pairs on the Moscow Exchange (MOEX), including for the euro and dollar, the Bank of Russia (CBR) announced on Thursday. The statement comes as the latest round of US sanctions prompted the MOEX on Wednesday to suspend trading in dollars and euros. The UK followed Washington’s lead on Thursday, introducing restrictions against the Russian financial system. Transactions in US dollars and euro will continue on the over-the-counter (OTC) market. “The yuan/ruble exchange rate … will become a reference point for market participants. The share of the yuan in Moscow Exchange trading in May was 54%,” the Bank of Russia said. “Thus, the yuan has already become the main currency in exchange trading,” it added.

In the humiliation of epic proportions the US sanctions on Russia failed miserably and the score of failures continues to grow. The US will now try to, indeed, steal Russia's $300 billion and that will be it for Dollar as the reserve currency. The main pillar of Dollar's status was always the myth of the "finest fighting force in history". Remarkably, this force cannot win a single war and even it allegedly advanced netcentric and comms capabilities it tries to run in Ukraine are being dealt with great efficiency. The latest issue of Military Thought describes what the US tries to accomplish there. Meanwhile:

The US dollar’s dominance is in decline as Russia and Saudi Arabia eye the Chinese yuan for oil trades, and investors may need to begin to revise their long-term investment strategies, warns the CEO and founder of one of the world’s largest independent financial advisory and asset management companies, deVere Group. The warning from Nigel Green says the shift in how global oil trading is carried out will have far-reaching consequences for economies and, therefore, investors around the world.

Hm, how 'bout that. Where are the US Armed Forces to enforce the sanctity of the US Dollar. They should march to Russia and beat the crap out of those Russkies for disregarding USD and doing whatever those nasty Slavic untermenschen do. Damn, even in "defense agreement" with 404 US made sure to have the clause of the US troops not being in 404. Well, we all know the name of the game, don't we? Meanwhile the slaughter of VSU and its "advisers" continues unabated. Somebody will get really rich when he shoots down first F-16. R 15 million is a lot of money. People may say I exhibit all signs of schadenfreude. Wrong! I exhibit signs of a gigantic, uber-delightful schadenfreude.