The US Dollar Can No Longer Threaten China and Russia

In 2022, the US kicked Russia out of the SWIFT system, causing significant losses for Russian businesses and ordinary citizens. Even Switzerland’s traditionally neutral banks joined this looting. The monopoly over the financial system and global currency once gave the U.S. and EU such capability, but at the 2024 BRICS summit, Western countries permanently lost this advantage.

The US Dollar Can No Longer Threaten China and Russia

Previously:

Russia outlines proposal for BRICS DLT cross border payment system

Full text: Xi Jinping’s speech at the 16th BRICS Summit

Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high quality development of greater BRICS cooperation, in a speech addressing the 16th BRICS Summit.

Full text: Xi Jinping’s speech at the 16th BRICS Summit

Related:

“Friends for Peace” Group on the Ukraine Crisis Set up in the United Nations

Meeting with journalists from BRICS countries • President of Russia