The latest shortsighted barrage of anti-Russian sanctions/embargoes imposed by the West may well turn out to be an enormous blessing in disguise for the world, for it has the potential of killing two major headaches with one stone… namely the $USD and the SWIFT payment system, American hegemonies!
Enter the Chinese all-in-one solution…
The Cross-Border Interbank Payment System (CIPS) is a payment system which offers clearing and settlement services for its participants in cross-border RMB payments and trade. It is a significant financial market infrastructure in China. CIPS is sometimes referred to as the China Interbank Payment System.
https://en.wikipedia.org/wiki/Cross-Bor ... ent_System
…which Russia will now have no option but to embrace thereby establishing and cementing the powerful Sino-Russian alliance!
The sky is the limit to what these two powerful and industrious nations can archive especially when working as closely as they’ll have to, out of need for survival and prosperity.
Other US-victimized nations such as Iran, N.Korea, Venezuela, Syria, and many others, can also gradually adopt the eastern CIPS thereby liberating themselves from malicious US momentary abuse for a more secure and prosperous future.
As for the $USD, it will gradually have to settle for only half the global market and shrink over time as other nations earn the trust and co-adopt use of the CIPS.
Needless to mention that this would also have an equally depleting sphere of influence for the US, marking the end of the most abusive century in the history of trade, commerce, and politics.