499
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 May 2025
499 points (99.4% liked)
World News
1092 readers
504 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
Other communities of interest:
founded 7 months ago
MODERATORS
Economies change slowly. To eliminate the demand for Russian Natural gas on that time scale means that they are going to have to import it from somewhere else.
Economically speaking the only move that justifies that price premium is if one wanted to unload their Dollar position and the time frame needed to do so would align with their fossil fuel reduction timetables.
It is not about them moving to a new reserve currency but unwinding the current position in a way that aligns economically and politically for their own countries.