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Russia does not need to think about how to restore its relations with Europe, but rather think about how not to depend on Europe's economic decisions, Russian Foreign Minister Sergey Lavrov said on Monday.
Strengthening the national currency is one of the key pillars of de-dollarization because when the national currency is strengthened.
The United States and Europe are losing their influence as pillars of the global economy to countries in the Asia-Pacific region, Bolivian President Luis Arce said.
To meet maturity payments on its $44 billion debt deal with the IMF, Argentina has previously tapped its currency swap line with China.
Western companies exiting Russia must sell assets in rubles or else face delays and perhaps losses to transfer dollars or euros abroad.