De-Dollarization Advances: Russia and China Ditch US Currency in Their Trade Settlements
Feeble and ineffective US President Joe Biden’s administration from hell is rapidly squandering away America’s soft and hard power – to the point where multipolarity is starting to take a life of its own.
The BRICS countries, who represent 29% (and rising) of the world’s GDP, has vowed to undertake a process of dedollarization of their trade settlements.
The group foremost countries, China and Russia, are on the forefront of this process, so much so that we learn from a WION report that “Russia and China have completely abandoned the use of Western currencies,