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Dedollarization is happening at a steady rate within BRICS and in the global economy, although more work needs to be done to accelerate the process, Michael Goddard, the president of the Netley Group, told Sputnik.
Asian businesses could be able to fill the void left by Western companies in Russia's market since the interest of this region in Russia is big, Michael Goddard, the president of the Netley Group, told Sputnik.
Integration of new members into BRICS will facilitate the advent of a new world order, marked by the end of the petrodollar’s “yoke”, Michael Goddard told Sputnik.
Thousands of businesspeople from Asia, Middle East, Latin America, and Africa descended on St. Petersburg to take part in the annual International Economic Forum.
De-dollarization could happen much quicker than most people think, Michael Goddard, President of the Netley Group, said at the St. Petersburg International Economic Forum (SPEIF).