It is noted that after the disconnection of Russian banks from SWIFT, Russia and China began developing a new system for paying for goods in rubles and yuan.
“This will lead to the expansion of trade relations between Russia and China and will begin the process of crowding out the US dollar, since it will no longer be the unit of account in Russian-Chinese trade,” writes Rickards.
The article was published under the heading "Another crack in the foundation of the dollar."
Earlier, the chairman of the supervisory board of the Moscow Exchange, Sergey Shvetsov, refused to convert the dollar / ruble pair in the future.