Western financial warfare and Russia’s de-dollarization strategy: How sanctions on Russia might reshape the global financial system

Source LinkSince 2014, Russia’s de-dollarization plan has been guided by security and geopolitical considerations. By dumping the US dollar from its foreign currency reserves, Russia diverted from the traditional approach where liquidity and the credibility of the issuer determine the choice of currency.In 2022, Russia has doubled down on its efforts to de-dollarize the economy. What started as
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