Russia Inks $13.1 Billion Game-Changing Deals in Local Currencies—Dollar Dominance Shaken?

Moscow just dropped a financial bombshell—$13.1 billion in trade deals settled without touching the dollar. Is this the beginning of the end for USD hegemony?

The Local Currency Gambit

Russia's latest move sidesteps Western sanctions with surgical precision, locking massive energy and commodity trades in rubles and partner currencies. No SWIFT? No problem.

Sanctions? What Sanctions?

While Wall Street bankers clutch their pearls, Moscow's proving that determined economies can rewrite the rulebook—gold reserves and yuan settlements are the new black.

The Cynical Take

Meanwhile, traditional finance still charges 2% fees for cross-border transfers that take three days. Crypto fixes this—but don't tell the legacy banks.

Russia Pushing Local Currencies For All New Trade Deals

Despite the WHITE House imposing sanctions on Russia, the Putin administration is gaining a foothold in the financial sector. From gaining new trade deals to rewriting existing policies that benefit its economy, the country is lifting its economy even under pressure. Russia wants to push its local currency, the ruble, as the main tender for all cross-border transactions and businesses.

said Beglov to Tass.