Russia is looking to launch yuan-denominated bonds, and has agreed with China to work on settling more of their bilateral trade in the yuan or the rouble.
Other trading partners suffering from US sanctions and along China’s belt and road map are also open to de-dollarization. https://www.scmp.com/comment/opinion/article/3014258/pain-tariffs-and-sanctions-behind-china-and-russias-push-dethrone
Thomas Mayer former chief economist of Deutsche Bank proposes in FT that Europe create a bloackchain backed digital euro. "Digitalization offers a way to reduce the debt of the eurozone states and t
Russia is continuing its policy of abandoning the dollar and transferring its assets into other currencies. Last month, Russia reportedly lost $7.7 billion in foreign exchange reserves after it decide