The US dollar has always been surrounded by serious foes and enemies, the ones that want to derail its reserve currency status. To expedite the de-dollarization concept, Russia and China have always been quite vocal about their ideas, adding how they both want to derail the US dollar hegemony by putting forth the idea of the multi-polar currency world.
This roughly sparked the promotion of local currencies on an international scale, jeopardizing the dollar’s supremacy. With the US and EU sanctioning Russia and expelling it out of the SWIFT system, Russia opted for yuan, all while promoting the narrative of de-dollarization at a rapid pace. But now it seems that things have started to take an interesting turn, with Russia showing a softening stance against the US. What is this all about? Let’s find out.
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Tables Turning Around: Trump Supporting Russia
With Donald Trump assuming the role of the US president, his ideas of bolstering the US economy via tariffs have been gaining widespread momentum. Apart from that, another significant development that has caught the world’s attention is Trump’s increased effort to conclude the ongoing Ukraine-Russia war. The US president has often been noted stating the gruesome repercussions of the ongoing Russia-Ukraine war, adding that Zelensky should have made a deal to end the war earlier, showing a supportive stance towards Russia.
“I hear that they’re upset about not having a seat. Well, they’ve had a seat for three years and a long time before that. This could have been settled very easily… Russia wants to do something. They want to stop the savage barbarism.” You should have never started it. You could have made a deal…I could have made a deal for Ukraine… That would have given them almost all of the land, everything. Almost all of the land—and no people would have been killed, and no city would have been demolished.”
Trump earlier shared how he has the power to end the war.
“I think I have the power to end this war,” he added.
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De-Dollarization To End: Russia Praises Trump
On the other hand, Russian PM Vladimir Putin has notably praised Trump’s effort to resolve the ongoing Russia-Ukraine war.
“Let me note that the first contacts with the American administration instill hope. They too are willing to work towards resuming our ties, solving a colossal amount of strategic problems in world architecture.”
JUST IN:
Russian President Putin praises US President Trump’s efforts to resolve the conflict with Ukraine. pic.twitter.com/jnmhHLSZzG
— BRICS News (@BRICSinfo) February 27, 2025
In addition to this, Putin also acknowledged how certain external forces are trying to disrupt the budding Russian-US sense of friendship and commitment.
“I understand that not everybody is pleased with the resumption of Russian-American contacts. Some of the forces are interested in keeping hostilities, and they will try to disrupt the emerging dialogue. We will need to use all the possibilities of diplomacy and special forces to firmly defend our national interests.”
JUST IN:
— BRICS News (@BRICSinfo) February 27, 2025
With such developments taking place, the Russia-US fostering relationship could ultimately result in a lasting resolution thwarting BRICS efforts of derailing the US dollar. This development can ultimately put a stop to the rising de-dollarization concepts and ideations.
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