Pain of tariffs and sanctions behind China and Russia’s push to dethrone the US dollar

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