North Korea And Russia’s Latest Deal Undermines America’s ‘Weaponization Of Finance’ Plan
ELENA HOLODNY
BusinessInsider.com
Jan. 21,2015
North Korea and Russia’s latest liaison suggests that Washington’s strategic weaponization of finance may not be working.
Russia’s Ministry for the Development of the Far East recently announced that Russian businesses doing trade through North Korea’s Foreign Trade Bank can make payments in rubles.
And last October the ministry announced that Russia was looking to expand economic exchanges with the hermit nation, including the increased use of the ruble between the two countries.
“This way, North Korea and Russia don’t need to rely on the dollar. All they have to do is stick with the ruble. They’re increasing their economic ties,” one person familiar with the matter told Business Insider.
Basically, what’s happening is that Russia and North Korea are looking to diversify away from the western financial system after the two nations have been repeatedly targeted by US-sanctions.
The Rest…HERE
