Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
Russia’s second-largest financial institution’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing...
Google Trends Data Reflects Rising Interest in BRICS Bloc and De-Dollarization Searches
Set to happen in lower than two months, the upcoming BRICS Summit in Johannesburg, scheduled for August 22 to 24, has captured international consideration. Anticipation...
Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War
Russia’s President Vladimir Putin has warned of elevated “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation...
Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the elevated use of nationwide currencies in mutual settlements as extra nations shift...
State Duma Chairman of Financial Markets Committee: Russia to Exert ‘Serious’ Control Over Crypto After Legalization
Anatoly Aksakov, chairman of the Financial Markets Committee of the State Duma, the decrease chamber of the Federal Assembly in Russia, has remarked that the...
IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum
The International Monetary Fund’s (IMF) govt director for Russia says a rising variety of nations are switching to commerce in Chinese yuan, not solely with...
Russians Turned to Tether During Wagner Revolt
Russian residents sought refuge in tether amid the temporary mutiny of the Wagner mercenary group that shook their nation. The ruble-denominated buying and selling quantity...
What is De-Dollarization? Exploring the Shift Away From the US Dollar’s Global Dominance
From the latter half of 2022 and persevering with into 2023, the idea of de-dollarization has gained vital traction, making its mark on the mainstream...
Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push
The authorities of Venezuela has introduced that it’s at present working to combine Mir, a Russian digital card and switch funds system. President Nicolas Maduro...
Russia to Trial Digital Asset Settlements in Foreign Trade
Bank of Russia plans to pilot cross-border funds utilizing digital belongings and central financial institution digital currencies, in keeping with a deputy governor. The high...