🚨Another Big Blow to Dollar : Russia Declares 100% Trades With India & China in Local Currencies.

In a clear sign of the shifting global financial order, VTB Bank has confirmed that nearly 100% of Russia’s trade with India and China is now settled in national currencies, NOT the US dollar.

The move reflects a deliberate push toward de-dollarisation, accelerated after Western sanctions exposed the risks of dollar dependence. By using rupees, rubles, and yuan, Russia has reduced its vulnerability to sanctions and bypassed Western-controlled financial systems.

For India, this means lower transaction costs, reduced dollar volatility, and a stronger role for the rupee in global trade. For China, it strengthens yuan internationalisation.

This is not the end of the dollar, but it is the end of its unquestioned dominance. As more countries adopt local-currency trade, the world is steadily moving toward a multipolar financial system, where economic power is no longer tied to a single currency.