De Dollarization News Today

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Former US President Donald Trumps economic aides are considering imposing penalties on nations moving away from the greenback if the Republican frontrunner wins the upcoming elections, according to Bloomberg.

The US decision to seize frozen Russian assets and send them to Ukraine will greatly accelerate global de-dollarization, experts warn.

Very few people in Russia and across the Global South are as qualified as Sergei Glazyev, the Minister for Integration and Macroeconomics, to speak about the drive, the challenges and the pitfalls in the road towards de-dollarization.

Russian President Vladimir Putin, like Republican presidential candidate Donald Trump, is "anathema to Davos globalists", Wall Street analyst Charles Ortel told Sputnik, stressing that the timing of Putin-Carlson interview was perfect.

Russia is discussing with other BRICS countries the interaction of national financial message transmission systems, and currently 159 foreign participants from 20 countries have already joined the Russian platform, Russian Central Bank Head Elvira Nabiullina told Sputnik.

The transition to green energy is "an opportunity for the nation to raise the global standing of the renminbi in commodities markets."

Central banks, especially China and Russia, are significantly increasing their gold reserves in anticipation of economic instability, inflation, and potential crises in the dollar and sovereign debt.

Ramaswamy, a billionaire entrepreneur-turned-politician, said the BRICS is establishing a currency backed by gold to replace the dollar as the reserve currency of the world. "This is a major problem for the United States."

Both Russia and Iran have been reducing their reliance on the dollar since the US leveraged its currency's dominance to impose economic sanctions on both countries.