Friday, April 8, 2022
Shipping Routes Are Being Redrawn, While Payments Could Soon Be Done in Non-Dollar Currencies
The war in Ukraine is already upsetting global shipping and the economy, as new routes are being drawn to compensate for the loss of cargoes from Russia and Ukraine. At the same time, we could be headed towards the limiting of dollar’s dominance as the preferred currency for most – if not all – international shipments