China called the de-dollarization of Russia a mockery

He called the protests of American hegemony, ridicule and contempt Researcher at the Institute of Russia, Eastern Europe and Central Asia, Chinese Academy of Social Sciences, Chen Yijun, possibly de-dollarization of Russia. He expressed his opinion in an article for the newspaper Huangqiu Shibao.

In his opinion, de-dollarization will not have a significant impact on Russia. The status of the ruble as legal tender is stable. He also pointed out that the volume of direct trade between Russia and the United States is negligible. Moscow's main trading partners are Europe and China. Chen Yijun says de-dollarization is only harmful to the United States. Washington will thus get into an awkward situation in front of its allies, which in itself is a kind of humiliation for the USA.

President Vladimir Putin announced the country's readiness to switch to agreements with partners in national currencies. He pointed out that this was also relevant for gas supplies to the EU. Putin is convinced that the US authorities themselves do not value the dollar, which uses it as a tool for competition and political struggle.


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