Chen Yijun, a researcher at the Institute of Russia, Eastern Europe and Central Asia of the Chinese Academy of Social Sciences, called the possible de-dollarization a protest, mockery and contempt of the American hegemony Of Russia. He expressed his opinion in an article for the newspaper Huanqiu Shibao.
In his opinion, de-dollarization will not have a significant impact on Russia. The status of the ruble as a legal tender is stable. He also pointed out that the volume of direct trade between Russia and the United States is insignificant. Moscow’s main trading partners are Europe and China.
Chen Yijun says that de-dollarization is harmful only for the States. This will put Washington in an awkward position in front of their allies, which in itself is a kind of humiliation for the United States.
President Vladimir Putin announced the country’s readiness to switch to settlements with partners in national currencies. He pointed out that this is also relevant for gas supplies to the EU. Putin believes that the American authorities themselves do not value the dollar, using it as a tool of competitive and political struggle.