This has been in the cards for some time despite skeptics dismissing it as not a realistic threat. Things take time, and time is against the dollar.
————
Russia: 17 percent debt to a rising GDP. US: 130 percent debt to a dropping GDP…..$$$ 1 Trillion in debt interest payments alone…..Tic, Toc….
Russian rates are 16% and the ruble is down 50% vs the USD since 6/22.
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=2Y
Russia’s gdp is 1 1/2 NY-it’s a regional gas station.
End of hegemony!