EU Officials Fight Back on USD Dominance in Energy Sector

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The EU has recently assembled a extensive industrial group to work on endorsing the currency of the euro, opposing the monopoly of the USD in oil and commodities stock market. The move represents growing tensions between Brussels and Washington over recent sanctions and trade war.

The group is comprised of CEOs from European oil companies like Eni, OMV; and gas and electricity suppliers like Engie and will convene stealthily under the European Commission’s watch.