Conflict with China and Russia Could Accelerate De-Dollarization

https://www.moneymetals.com/news/2022/02/10/conflict-with-china-and-russia-could-accelerate-de-dollarization-002476 

Geopolitical tensions are casting a pall over the Olympics in China amid rising fears of war with Russia. As nations prepare for conflict, investors should brace for potential fallout in asset markets.

Both China and Russia play hugely important roles in the global economy. Both face economic sanctions from the United States. And both are eyeing long-term strategies for shifting the locus of global trade away from the Federal Reserve Note “dollar.”