With Russia's $650 billion rearmament plan, the bear sharpens its teeth - Yahoo! News
Lets not forget China and Russia signed an agreement to no longer trade with each other using the US dollar... lots of saber rattling coming from the worlds super powers...
http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm
Moscow – The graying bear is getting a make-over. Russia's military is launching its biggest rearmament effort since Soviet times, including a $650 billion program to procure 1,000 new helicopters, 600 combat planes, 100 warships, and 8 nuclear-powered ballistic missile submarines.
Lets not forget China and Russia signed an agreement to no longer trade with each other using the US dollar... lots of saber rattling coming from the worlds super powers...
http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm
China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.