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Home » Global Trade News » Russia and China Declare End to Trading in US Dollars
Last updated on February 22, 2024 by Ben Thompson

Russia and China Declare End to Trading in US Dollars

Across the globe, farmers are rising up in a wave of protests, demanding better pay, fairer prices, and improved working conditions. From India to Europe, and within the UK, the agricultural community is voicing its discontent through organized demonstrations, highlighting systemic issues within the sector.

In India, tens of thousands of farmers marched towards the capital, demanding guaranteed crop prices and renewing their movement for economic safeguards. Their protest is a continuation of a struggle that previously led to the repeal of controversial agricultural laws by Prime Minister Narendra Modi, yet key demands remain unaddressed.

Meanwhile, in France, the head of the country’s biggest farming union, the FNSEA, warned of possible resumptions of protests if the government fails to meet their demands for better compensation and the easing of regulatory burdens. This sentiment echoes across Europe, with farmers in Poland, Spain, Germany, Belgium, and the Netherlands also taking to the streets.

In the UK, farmers conducted a slow tractor protest in Dover against low supermarket prices and the impact of post-Brexit trade deals on local agriculture. Drawing inspiration from French farmers who successfully pressured their government for concessions, UK farmers are signaling their readiness for further action, including blockades and demonstrations, to protest against cheap imports and unfair competition that undermine their livelihoods.

These global protests underscore a common plea for recognition and support in the face of economic pressures, environmental challenges, and market dynamics. Farmers demand a level playing field and fair policies that acknowledge their critical role in food production and rural economies, signaling a growing unrest that transcends borders and calls for substantive change.

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Russia and China Declare End to Trading in US Dollars

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