Countries from Russia to China are building payments systems that could threaten the dollar's global dominanceWestern sanctions are prompting Russia to create alternative payment systems with trade partners to challenge the dominance of the US dollar.
The Chinese yuan has helped fund Russia's trade and war machine - but those days may be numberedThe Chinese yuan is a key currency for Russia's trade settlement, but US sanctions are freezing and delaying yuan payments. Russia considers alternative payment systems like cryptocurrency to bypass Western sanctions.