Russia is rapidly exiting from the US Dollar and the Euro as well. The trend is being seen as irreversible.
RT:
Russia is moving away from using the US dollar and euro in foreign trade, a process that is “irreversible.” That’s according to Andrei Kostin, the head of VTB Bank, one of the country’s largest lenders.
“Quitting the US dollar and euro is already an irreversible process for Russia. Taking into account the current trend, our main foreign trade partners in the medium term will be China, the EAEU countries, Turkey, India, Middle East, Latin America, and Africa. Switching to national currencies in trade with this particular group of countries is the top priority for us,” Kostin said at the Eurasian Economic Forum in Baku on Thursday.
Moreover, according to the banker, the decision made by the US and other Western nations to freeze Russia’s foreign exchange reserves earlier this year shows that no country is safe from such treatment, a state of affairs that will likely turn other nations away from the major reserve currencies.
“No state can feel fully protected in the conditions of a dollar-centric global economy,” Kostin stressed.
One of the dumbest things that the Jewish occupational regime in Washington DC did was weaponizing the US Dollar. It was the foundation of their entire base of power and they totally undermined it.
Smaller countries understand that if they would do this to Russia, they could do it to them. We are going to see a mass exodus from the US Dollar in the months and years to come. The entire global financial system that was centered around the US Dollar is in the process of collapsing.
