A global conflict with “unpredictable consequences” could be triggered by further depreciation of national currencies, the US-China trade war and US sanctions against oil producers, the head of Russia’s biggest oil company said. A global currency war could even plunge the world into recession, warned Rosneft CEO Igor Sechin, speaking at this year’s Eurasian Economic Forum in Verona, Italy. He added that the global economy has never faced such a combination of threats, while the markets underestimate the risks of instability. “Further steps to weaken national currencies increase the likelihood of a global currency war with extremely unp
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