With Russia concluding three major oil agreements over the past two weeks which will allow nations like China, India, and Iran to buy and sell oil in currencies other than the dollar, the Obama Administration on April 4 responded with a threat of more economic sanctions on Russia if Vladimir Putin doesn't back down from these arrangements, and stop his attacks on the reserve currency and Petro Dollar. Just as they michael kors handbags clearance once isolated the former Soviet Union and collapsed the Ruble back in 1989. First, Russia signed a $260 billion oil agreement with China, allowing the Asian superpower to purchase petroleum using the Yuan and bypass the reserve currency.
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