They will be immune against sanctions by getting rid of the Petrodollar. Russia proved that You can integrate Your economy into trade without american led institutions. This will set all of us under pressure
Sure they have many reasons for shifting to using their own financial system, but doesn't that play against them as well?
Simply by losing too many wealthy (on paper) buyers and almost declaring a financial war that could bring them unwanted sanctions and so on.
I'm ready the principles of economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and the Austrians explained well how trading is a positive sum action unlike hostility.
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