- RT America Published on Jul 2, 2019
How EU is ditching dollar to evade Iran sanctions. Brazil, India, Russia, China and South Africa are moving to integrate their payment systems and bypass the US dollar as a mutual reserve currency. Meanwhile, the EU has launched a special monetary transactions channel to circumvent US sanctions on Tehran and trade for Iranian oil. Jack Rasmus, author and professor of political economy, joins Rick Sanchez to share his insights.