Russia Drops the US Dollar — The End of the US Dollar Hegemony Over the World Is Getting Closer

More and more countries will seek to exit the US dollar system in the coming years.

Sylvain Saurel – Updated June 15, 2021

At the beginning of June 2021, we have just learned very interesting news in terms of geopolitics and the world economy: Russia has just dropped the US dollar.

The Russian Minister of Finance has just declared that the National Wellbeing Fund, its oil fund, will completely divest from its exposure to the US dollar, which still amounts to 40 billion dollars.

Russia’s plan is now to move into the Chinese yuan, the euro, but also gold:

Russia has been aiming to disengage from the US dollar for over a decade
Russia wants to better protect itself from American supremacy in the financial world
The systematic use of the US dollar as a weapon is what will cause the fall of its hegemonic status in the next 20 years
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