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End of US dollar dominance approaching – top Russian banker
CEO of Russia’s state-run bank VTB Andrey Kostin points to the inevitable rise of the Chinese yuan The hegemony of the US dollar is seriously challenged by the rise of the Chinese yuan and by Washington’s failed attempt to wreck the Russian economy by weaponizing the greenback, Andrey Kostin, head of Russia’s banking major VTB, told Reuters on Friday. The major banking figure said that under the current geopolitical circumstances more and more nations are shifting away from trade settlements in dollar and euro, while China is moving towards removal of strict currency policies. “The long historical era of the domin

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