Russia wanted to make a cruel move, declaring the US dollar an illegal currency, and the United States compromised that it would not prohibit Russia from paying its dollar debts, and RMB trading became an option. Western countries led by the United States have imposed all-round sanctions on Russia, and even announced a freeze on Russia's right to use dollars. After resisting strong U.S. sanctions, Russia began to fight back in an all-round way. The method adopted by Russia is to counter its human body in its own way and to deal with the United States in the same way as the United States. The United States plays hooligans and hegemony, and Russia unceremoniously retaliates against the United States. After imposing sanctions on Biden and other U.S. leaders, Russia has made another cruel move.
According to the Russian news agency, on March 15, the Russian side released news that in response to US sanctions, Russia is ready to declare the US dollar as illegal currency. Once this policy is implemented, it will be a major impact on the status of the dollar. Of course, Russia only warned against declaring the dollar an illegal currency, and if it is really implemented, then the impact is very large. Russia's aggressive move to declare the dollar an illegal currency is to counter U.S. sanctions while avoiding domestic sell-off of rubles for dollars. In addition, the Central Bank of Russia has also suspended the sale of gold by banks.
Obviously, Russia is using the methods of the United States to deal with the United States, and the United States is unreasonable, and Russia is not reasonable. In fact, Russia's current experience also gives the world a revelation, that is, we cannot pin our hopes on the United States and cannot rely too much on the dollar. You must try to settle in a different currency to reduce your dependence on the U.S. dollar. The creation of the oil renminbi, which is also beginning to become an option for international trading, is also beginning to become an option.
It can be said that under the current circumstances, the use of RMB for various transactions is also a new trend. Saudi Arabia began to try to use the renminbi for oil transaction settlement, changing the previous practice of trading oil in using the US dollar alone. Under Russia's counterattack and warning, the United States also took the initiative to make compromises. The U.S. Treasury's restrictions on trading with the Central Bank of Russia and other Russian institutions do not prohibit the country from paying its dollar debt, at least not until May.
Although Russia was besieged by the Western countries led by the United States, it never fell or compromised. Although Russia's strength is relatively weak compared to the Western bloc led by the United States, Russia is not completely inferior in this round of the game. Russia has just choked the life of the United States and has been able to use the means that the United States is most afraid of against the United States, thus achieving good results. It can be said that the impact of the Ukraine crisis on the world will be far-reaching, and the subsequent impact will gradually appear in the next step.
