Ukraine’s Future and Putin’s Fate “For God’s sake, this man cannot remain in power,” U.S. President Joe Biden said of his Russian counterpart, Vladimir Putin, a month after Russia launched a brutal invasion of Ukraine in February 2022. Biden’s off-the-cuff remark, which his administration swiftly sought to walk back, did …

Egypt is planning to drop the US dollar in bilateral trade with several member states of the BRICS group of emerging economies, Egyptian Supply Minister Ali Moselhy revealed on 12 June. Cairo is specifically looking to use local currencies to pay for imports from India, China, and Russia – three …

The payment in non-US dollar denominated currency helps alleviate Pakistan’s balance of payments crisis and furthers the broader trend of de-dollarization in developing nations Pakistan paid for its first imports of discounted Russian crude oil in Chinese currency, Reuters reported on 13 June, marking a significant shift in the south …