RIC Alliance Makes Stunning Comeback, Plots Bold Move to De-Dollarize Their Economies

RIC nations roar back onto the global stage with a radical economic playbook.

Shifting Sands of Global Finance

The alliance isn't just talking—it's actively building frameworks to bypass the greenback. Think bilateral trade agreements, digital currency bridges, and commodity-backed settlement systems. They're cutting reliance on Western financial infrastructure, transaction by transaction.

A New Monetary World Order?

This push accelerates the fragmentation of the global monetary system. It fuels demand for non-USD assets—and yes, that includes crypto. Bitcoin becomes digital gold; stablecoins morph into new settlement layers. Traditional finance scrambles to keep up, clinging to legacy systems like a Wall Street banker clings to his Bloomberg terminal.

Watch this space. The dollar's hegemony faces its most credible threat in decades—and the markets won't stay quiet for long.

Russia, India, and China To Further Push For De-Dollarization?

Russia and China have already begun trading heavily using the Chinese yuan. The development commenced after sanctions were placed on Russia following its invasion of Ukraine. Since 2023, China has settled almost all of its oil and energy purchases from Russia using the yuan. The development has given significant fuel to the de-dollarization agenda.

India was recently slapped with some of the highest tariffs in the world. Many deemed the MOVE unfair on President Trump’s part. The Trump administration has accused New Delhi of fuelling the Russian war machine by purchasing cheap Russian oil and energy. The Russia-India-China trifecta seems to be getting closer together.

Trump’s calculations may have misfired. The recent SCO summit saw the meeting between Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Chinese President Xi Jinping, in a rare display of solidarity. The coming together of the three may turn out to be a major blow for US diplomacy. The US has worked tirelessly to bring India closer to the Western powers since the Clinton administration.

President Trump’s tariff spree may have come as a reminder for developing countries to look elsewhere for reliable partners. The move may lead to countries ditching the US dollar for other currencies for trade settlements, further pushing the de-dollarization movement. Trump’s vision of “making America great again” may have led to the US being more isolated than ever before. How things unfold between all involved parties is yet to be seen.