NATO POKES THE RUSSIAN BEAR ONCE TOO OFTEN, PAYS THE PRICE: DOLLAR DOOM
Russia, China, and Iran have now formed a de facto military and economic alliance — what they prefer to call a "partnership".
In the case of Russia and China, a comprehensive full-spectrum partnership has emerged: military, economic, and monetary. Trade between Russia and China has exploded both quantitatively and qualitatively.
Importantly, trade settlement will be overwhelmingly denominated in Rubles and Renminbi. Use of the dollar and its international mechanisms is being aggressively deprecated.