Ruples
Russia quietly prepares to switch some oil trading from dollars to rubles
Submitted by MichaelVail on Mon, 02/25/2008 - 5:51pm.
ussia, the world's second-largest oil-exporting nation after Saudi Arabia, has been quietly preparing to switch trading in Russian Ural Blend oil, the country's primary export, from the dollar to the ruble. But the change, if it comes, is still some time off, industry analysts and officials said.
The Russian effort began modestly this month, with trading in refined products for the domestic market.

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