"An unconstitutional act is not law.  It confers no rights; it imposes no duties; affords no protection; it creates no office.  It is, in legal contemplation, as inoperative as though it had never been passed." -- Norton v. Shelby County, 118 U.S. 425 (1886)

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A new round of US sanctions targeting Russia's Moscow Exchange (MOEX), National Clearing Centre and National Settlement Depository will further undermine the dollar's role, Sputnik's pundits say.

The US Treasury introduced a new round of sanctions against the Moscow Exchange (MOEX), the National Clearing Center (NCC) and the National Settlement Depository (NSD) on June 12 in a bid to shatter "the architecture of Russia’s financial system".

The yuan/ruble exchange rate will now set the trajectory for other currency pairs on the Moscow Exchange (MOEX), including for the euro and dollar, the Bank of Russia (CBR) announced on Thursday.