De-Dollarization Is Reaching 100%: Russia & China Bypass the West Entirely | Lena Petrova

World Affairs In Context

Dedollarization is accelerating — and Western sanctions are fueling it. As the U.S. and its allies tighten economic controls, the global majority is fighting back by building financial independence. In a major move this week, Russia’s Finance Minister Anton Siluanov revealed that 99.1% of trade between Russia and China now takes place in rubles and yuan, effectively eliminating the U.S. dollar and euro from their transactions.

This shift is more than symbolic — it’s a historic milestone in the global de-dollarization movement. By bypassing “unfriendly” Western financial systems, Moscow and Beijing are rewriting the rules of international trade and forging a new era of economic sovereignty.

Russia is maintaining steady oil and gas exports despite sanctions, with China and India paying in local currencies. Meanwhile, the BRICS alliance and other global blocs are building alternative financial systems that weaken the dollar’s monopoly. From China’s CIPS payment network to the BRICS New Development Bank, nations are laying the groundwork for a multipolar financial world.

In this video, we break down:

• Why Western sanctions are accelerating de-dollarization
• How the ruble-yuan partnership reshapes Eurasian trade
• The rise of BRICS-led financial independence
• What the U.S. risks by weaponizing the dollar
• Whether the era of single-currency dominance is ending