Some really interesting developments are happening apropos the banking and financial situation in Russia and the world. Firstly, to set the stage: there’s the rumor going around that Saudi Arabia has allegedly declined to renew its purported “50-year Petrodollar deal”, signed—again, allegedly—on June 9th, 1974.

Another sitrep collating the latest news. Nothing you wouldn’t already know about if you have been following the news closely, but it’s useful to have the most relevant new developments all gathered into one place.

The most interesting, as usual, is not so much what is happening in Ukraine, where Russia continues to dismantle the “mother of all proxy armies” in a cool and methodical manner, nor is it the Saudi related rumor referenced in the title, but rather the mounting evidence of deliberate and accelerating dedollarization in BRICS+, and increasing desperation on the part of the collective West as it loses the financial and economic war.

Also, Dmitry Medvedev has yet again escalated his “bad cop” rhetoric to another level, which i personally find very entertaining.