You need to learn about international trade.
This could be the start of the decline in the USD as the reserve currency—what would take its place? No idea.
It doesn't hurt the U.S. for Russia and China to trade in their respective currencies.
Possible, but not very likely anytime soon. First, note that the publisher of the article is the Russian media... hmmm
Next, as you query: what would take its place? No idea. Right now the U.S. Dollar is the most stable currency on the globe. The Chinese yuan? They constantly devalue it in order to remain competitive. The Russian Ruble? Russia is a power-controlled oligarchy. Britain is proving incapable of rescuing the pound. The EU is determined to prove that socialism can be profitable - and doing a poor job of it.
The U.S. is carrying a somewhat heavy - and dangerous - debt load (with such low interest rates why doesn't the USGVT finance the debt as 'long term' instead of 'short term'?); however, Germany is trying to pay down its debt and it isn't working out as well as they hoped.
If Americans would kick the legion of carpetbaggers out of Congress and return our financial footing to a more stable base, I think under the current leadership we could be in the catbird seat for quite some time.
“” “” You need to learn about international trade.
This could be the start of the decline in the USD as the reserve currency—what would take its place? No idea.”” “”
The abuse of USD as a tool of foreign policy by US lawmakers would bring USD down earlier than later.
The grotesque sanction regimes targeting not only the entities they don’t like but also their innocent trading partners aren’t helping much.
There is a growing demand for trade instruments which aren’t in US jurisdiction and since there is demand there would be offer.