2min chapter

FT News Briefing cover image

Will Russia lead on an alternative to the dollar?

FT News Briefing

CHAPTER

Russia's Quest for Alternative Financial Systems Amid Sanction Concerns

This chapter examines Russia's attempt to establish an alternative financial system through blockchain and digital currencies to lessen reliance on the U.S. dollar. It also addresses the hesitance of BRICS nations to fully support this initiative and considers China's growing role in global financial leadership.

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