Coming War With Russia-China

[desecration]

It's pretty much unavoidable now:

China warns US not to step on its 'red lines'

BRICS vs. USA will be a big one.

 

[ll74]

Duplicate thread

 

[Rightguide]

Russia, China dump the dollar as Moscow announces new trade corridors​

The Kremlin is looking to reshape global commerce in an effort to dodge Western sanctions​

REPORTING | QIOSK

1. Qiosk
2. Sanctions

MAYA KRAINC
APR 24, 2024


Russia announced this week that its bilateral trade with China has almost completely moved away from using the U.S. dollar, highlighting the two countries’ commitment to reducing their reliance on the U.S.-led economic system.

Aside from reducing dependency on the Western-dominated global currency, these ‘de-dollarization’ efforts allow Russia and China to avoid the myriad sanctions now preventing Moscow from doing business on the international market.

Western sanctions have helped lead to a boom in trade between Moscow and Beijing since 2022, rising 26% to $240 billion this year. China has also become the world’s leading importer of Russian oil.

De-dollarization isn’t the only scheme Russia is deploying to avoid crushing sanctions. Russian officials announced last week at a United Nations meeting that the Kremlin is spending billions of dollars to dodge Western sanctions by developing new trade routes in Asia.

More here: https://responsiblestatecraft.org/china-russia-trade/

We can imagine what happens here when the dollars held by these countries come home to the US.

1. BRICS Bloc:
   • The BRICS bloc, which includes countries like China, Russia, India, Brazil, and South Africa, is at the forefront of this transition.
   • New members, including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia, are joining BRICS, further bolstering its position as a formidable global economic alliance.
   • Ten ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) have agreed to cease trading in the USD, opting instead for transactions in their native currencies. This move strengthens ties between BRICS and ASEAN, collectively creating a powerful force in the global economic arena1.

 

[desecration]

The BRICS want their own reserve currency based on Russian oil, most likely.

In the meantime, NATO just doubled down on Ukraine:

NATO chief Stoltenberg says it's 'not too late for Ukraine to prevail' against Russia