De-Dollarization Was Always More of a Political Slogan Than a Pecuniary Fact

Any breakthrough in Russian-US relations would inevitably disappoint those multipolar enthusiasts who bought into the most ideologically dogmatic narratives of the New Cold War and consequently believed that Russia would forever eschew the dollar out of principle.

The three-year-long NATO-Russian proxy war in Ukraine contributed to the belief that the international community had bifurcated into the West and the World Majority respectively, with the outcome of the aforesaid conflict determining w...