From Russia with Love

You can always count on Russia to reinforce it's goal of diversifying its reserves, the world’s third biggest, and promote the use of regional currencies in international trade and finance to reduce risks posed by the dominance of the USD. In this Bloomberg article, we discover that Russia has been busy buying the CAD in order to diversify away from the USD. In this second article, Russia's Vladimir Putin is quoted as saying that Russia will some day join the Euro. Russia recognizes that in order to neutralize the USD, it needs for the Euro to survive and prosper.