The process of de-dollarization has been something Russia has worked on for years. This is due to the US sanctions imposed on the country.
But Russia is now speeding up its de-dollarization due to its military operation in Ukraine. It also involves moving away from the Euro. This is another case and point of how the US and Europe are shooting themselves in the foot by not opting to push for diplomacy.
Press TV’s website can also be accessed at the following alternate addresses: