Sanctions against Russia could undermine confidence in the dollar and lead to the emergence of an alternative economic system, British media write.
As the Financial Times points out, contrary to the statements of the United States and its allies, Russia’s military operation in Ukraine was not condemned by the whole world, but only by the “Western-led coalition.” In this regard, the Financial Times points to possible “impacts for the future of the international finance and commerce.”
Thus, China has “long-term plans” to make the yuan a much more significant currency in global calculations. Earlier, China transferred payment for coal and oil from Russia to yuan.
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