Zero Hedge — Ruble rumble.

Is this the beginning of new commodity-based monetary system, as Zoltan Pozsar has suggested, or a just pause in the obliteration of the ruble's value as the Biden team believes?

Zero Hedge
"Rubble" Surges To 2-Month Highs Against Dollar As Russia Works To Reduce FX Volatility

Bretton Woods III? China Begins Buying Russian Coal And Oil In Yuan

https://www.zerohedge.com/geopolitical/bretton-woods-iii-china-begins-buying-russian-coal-and-oil-yuan

Tyler Durden

Also

• Russia's Sokol crude grade continues to be a popular feedstock for many Asian refiners.
• Short shipping times make the grade extra attractive.
• Buyers in Japan, South Korea, India, and Chinese independent refiners have reportedly bought Sokol for May loading.

Oilprice

Sold Out: Asian Buyers Continue To Snap Up Russia's Far-East Crude
Tsvetana Paraskova
https://oilprice.com/Energy/Crude-Oil/Sold-Out-Asian-Buyers-Continue-To-Snap-Up-Russias-Far-East-Crude.html