A Massive Oil Crisis was Witnessed
in the 1970s
Following the invasion of Ukraine, the US and Europe decided to throw Russia out of the SWIFT banking system. A move that was intended to cripple the Russian economy amid sanctions from the west. However, experts claim Russia and China were in fact waiting for this opportunity to disrupt how oil is traded around the world. In this week's Decode we look at Petrodollars and why is it under threat from Russia?