India’s growing role in de-dollarization via its increasing number of non-dollar-denominated energy deals with Russia is reshaping the global financial system by reducing that currency’s prior dominance and thus leading to a more multipolar state of affairs for everyone.
Hoooorah! Kudos to India. The US foreign policy masters understand what this movement means, and they don't like it. Losing their efforts to take down Russia and intensifying the hostile and threatening behavior towards China and S. Korea, will they give up their sense of entitlement and exceptionalism and take their place as one among equals, OR will they take the whole world down with them in a nuclear Armageddon. I think we are very close to the latter.
A year passed with out using the Dollar for business. Tks to Biden and EU sanctions.