Dedollarisation and Reducing Dollar Hegemony Following the Russian Military Operation in Ukraine
We’ve been writing about dedollarisation here for some time.
Russia and much of the world have been seeking to dedollarise for a while. In the wake of the Russian military operation in Ukraine, one of the outcomes of countersanctions by Russia against the US and the rest of the west is them being forced to use the Russian Rouble to buy oil and gas.
This does something Russia has wanted to do for a while: reduce US dollar hegemony.
When it comes to what we often call dollar hegemony one can get all technical (and often wrong) or we can make things much more simple.… Click here to continue reading this article