08 august 2020

Goodbye, greenback! As they abandon dollar in trade, Russia & China could create ‘financial alliance,’ leading Russian expert says


Moscow and Beijing's ditching of the US dollar could result in the creation of a “financial alliance,” according to a top Russian analyst. Alexey Maslov believes the partnership is approaching a “breakthrough moment.”Maslov, director of the Institute of Far Eastern Studies at the Russian Academy of Sciences, predicts that Russia-China “de-dollarization” could lead to the two nations forming a de-facto fiscal alliance. “The collaboration between Russia and China in the financial sphere tells us [...]