Russia Dumps the Dollar: 95% De-Dollarized Trade Chaos! 🤪💸

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The de-dollarization of settlements with China and India reaches 90-95 percent in Russia, and the global trade is reconfigured without the US dollar’s prominence like a wizard’s spell gone hilariously wrong. 😂

Russia is almost completely de-dollarizing its trade settlements with China and India, and 90-95 percent of operations in these countries are being carried out in national currencies, because who needs a monopoly magician when everyone’s got their own shiny coin tricks? 🤏

This milestone was confirmed by Russian Deputy Prime Minister Alexander Novak on October 20, which showed an extensive decrease in dependence on the US dollar in major Asian trade routes, proving that sanctions are like kicking a soccer ball into its own goal-spectacularly counterproductive! ⚽😏

The change indicates a mechanical market adjustment to the Western sanctions restricting dollar-based settlement facilities, as if the global economy is a contraption built by a slightly mad inventor who forgot the instruction manual. 🔧

The change has not interfered with trade patterns. Rather, it facilitates Russia, China, and India to export sustained energy and commodities, like a well-oiled sleigh hurtling through the snow without a reindeer in sight. ❄️ mitten

The transition to national currencies was a natural progression when the dollar had lost its hegemonic position in such transactions due to geopolitical pressure, much like a king abdicated because his crown was too itchy. 👑🤷‍♂️

De-Dollarization’s Deep Impact on Global Trade

The transfer of the dollar in the Russian transactions with the largest economies in Asia is an indication of a larger, multipolar re-orientation of world finance, where everyone’s playing wizards in a game of financial thrones, and the old greenback is just sitting in the corner sulking. 🧙‍♂️💺

BRICS countries (Brazil, Russia, India, China, South Africa), ASEAN, and the Shanghai Cooperation Organization (SCO) are working harder to reduce their exposure to the US sanctions and dollar causes of inflation, like a bunch of alchemists trying to turn lead into gold without blowing up the lab. 🧪💥

These countries are seeking to regain economic sovereignty by making their currencies more reliant on settlements with local currency or other systems of money, proving that sovereignty is just a fancy word for “we’re keeping our piggy banks to ourselves.” 🐷🔒

The action of Russia highlights how the restrictions on dollar access have increased the pace of these alterations, which have strengthened bilateral economic relations with China and India, like forced partnerships that turn into unexpectedly groovy dances. 💃🕺

Novak emphasized that this shift was not predestined by the state policy but appeared naturally as a result of market circumstances, as if the market is an unpredictable river that suddenly decided to change course and leave the mighty dollar high and dry on the bank. 🌊😆

This natural development is opposed to past decades, where the US dollar was in a position of supremacy in terms of settlements in international trade, ruling the roost like a cocky rooster who thinks he invented the sun. 🐔🌞

Ripple Effects Across BRICS and Beyond

The BRICS nations have today a large portion of foreign exchange reserves globally and fuel trade, which are necessary in the de-dollarization agenda, hoarding treasures like dragons who’ve finally learned not to hoard American green. 🐲💰

In spite of the stalling of the endeavors of a single BRICS currency, the bloc aims at diminishing the dollar dependence, escalating the level of trade settlements using member currencies, like a quilt made from scraps that’s surprisingly cozy and rebellious. 🧵🛏️

According to the recent statistics, the share of the ruble in the settlements in the foreign trade of Russia increased significantly, and its decline in the use of the dollar was offset, showing the ruble bouncing back like a rubber ball that refused to stay down. 🏀📈

Chinese and Indian national currencies are rapidly taking over a bigger role as a payment system linking the two economies, as the two economies continue to become more interdependent outside the dollar zone, weaving a web of economic friendship that’s stronger than any sanction-spinning spider. 🕸️🤝

Last year, Russia traded with China to a record of 227 billion and India to 45 billion. This is a significant step towards economic independence and financial strength against the West due to the high volume of trade settlement in local currencies, like telling the West “thanks for the memories, but we’ve got our own party now!” 🎉🚫

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2025-10-22 01:22