BRICS combined with One Belt and Road is not to be discounted. Just the fact these countries are ignoring our sanctions speaks volumes and there is nothing we can do about this. Even the Middle East is laughing at us. What a clown show
That combined with the Russians controlling some of the Eastern European nations through energy.
Russia making unfriendly nations pay for gas in Rubles.
Russia adopting a gold standard, essentially.
Yes- they are kicking us back.
We are much bigger and can inflict more pain. But there are repercussions and we will feel it. The Russians are undermining the US dollar. They are biting back.
And a lot of that is “outside” the dollar. Already 5 years ago China and Russian agreed to use gold.
It will be interesting to see how all this ends. We, the pawns will end up paying for it all. I hope it was worth it.
Throw in OPEC as well as China calling in its chits through B&R, and you have serous global control of essential commodities. Down goes the petrodollar and the western hegemony over the world financial system. Europe thinks they are facing hard times now without Russian gas; just wait.