One More Unintended Consequence of Biden’s Foreign Policy: Dedollarisation, Russia Enters the Chinese Currency Zone

Since Russia's invasion of Ukraine nearly one year ago, the United States pressed upon its European allies the necessity of both economic and financial sanctions (forget the scissors and paste measures after annexation of Crimea in 2014). Germany led the way in dragging its feet on sanctions, of course. This was not surprising. It has … Continue reading One More Unintended Consequence of Biden’s Foreign Policy: Dedollarisation, Russia Enters the Chinese Currency Zone