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World News Latest Update: China and Russia joins against US dollar and will only accept Rubles for payment.

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Following unprecedented sanctions over Ukraine, Russian President Vladimir Putin warned on Wednesday that Russia will only accept payments in rubles for gas deliveries to “unfriendly nations,” which includes all EU members. Following the sanctions over Ukraine, Russia would only take payments in rubles for gas delivery to “unfriendly countries.” “Now everyone in the world understands that debts in dollars may be defaulted,” Vladimir Putin said. Russia will no longer accept payments in “compromised” currencies. The ruble rose against the dollar and the euro almost immediately following the news.

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