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Crude oil trade between Russia and China has reached record levels, reaching their highest point, defying US tariffs and sanctions. According to the latest data from the Chinese General Administration of Customs, oil trade between the two countries reached $19.14 billion. The majority of the cross-border transactions were carried out for oil in the Chinese yuan and not the US dollar. However, the amount marked a 2.8% decrease from a year earlier due to tougher and restrictive sanctions from the US. The overall trade between Russia and China in 2025 reached $125 billion, with $19.14 billion being crude oil deals. The majority of the time, the Chinese yuan and the Russian ruble were used and not the US dollar. China is the top buyer of Russian oil as it’s available at a discount due to the US sanctions. The cheaper prices are what kept Russia’s economy afloat, as even India has massively procured oil for the past two years. Also Read: Interest in the US Dollar Coming To An End...

The political drama in the US is unfolding with new details each day. Both the US presidential candidates, Kamala Harris and Donald Trump, are amping up their efforts to woo the US citizens. In this quest, a spree of promises is being made to make America “great’ again, with Trump inching a mile ahead to share a new status update on the US dollar. Also Read: Ripple: XRP To Breakout Within 70 Days, Says Analyst Trump’s Currency Protection Plan Source: AFP In one of his latest meetings, Donald Trump, the leading US presidential candidate, has once again clarified his economic stance, stating how crucial it is for him to stabilize the value of the US dollar. In a video snippet making the rounds on X, Trump commented about protecting the US dollar hegemony by reinstating his bold statement of putting 100% tariffs on countries moving away from the dollar. He later shared how he will not tolerate the devaluation of the US dollar or agendas that promote ditching the US dollar in the long haul...

In a recent development, the US dollar has emerged as the ultimate winner in a clash against notable currencies. The US dollar has risen against many leading currencies, notably the Chinese Yuan , Japanese Yen , and Indian Rupee , proving its mettle and might as the chief global currency.  The emergence of the dollar’s prominence on a global scale denotes its lasting legacy and the faith that consumers have projected in the currency. Amid calls for de-dollarization and “dollar ditching,” the latest geopolitical tensions have pivoted investors to take refuge in gold and USD as a hedge during stark economic meltdowns.  Also Read: 3 Reasons Why Other Countries Are Ditching the US Dollar  US Dollar Rises: Yuan, Yen, and Rupee Falls: What Happened? Source: thuancapital.com On Wednesday morning (IST), the DXY index tracking the strength of the US dollar portrayed USD hovering at 106.36. USD was up by a notable 0.10%. The dollar is now projecting green as oth...

BRICS member China could use the Belt and Road Initiative (BRI) to advance the Chinese Yuan and diminish the USD. For the uninitiated, China launched the Belt and Road Initiative in 2013 and provides loans to developing countries to build seaports, infrastructural projects, and railroads, among others. China finances developmental projects worldwide by releasing huge loans to Pakistan, Sri Lanka, and several African countries. Also Read: BRICS: 15 Countries to Ditch US Dollar for Oil Trade? A total of 155 countries have signed the Belt and Road Initiative with China and received funds for developmental projects. However, reports indicate that BRICS member China could soon use the BRI initiative to further the Chinese Yuan ’s usage by putting it ahead of the USD for global trade. Read here to know the list of countries that have signed the BRI agreement with China. Also Read: BRICS: De-Dollarization Gaining Steam in Developing Countries BRICS: China Could Use Chinese ...

The BRICS alliance is becoming successful in convincing developing countries to end reliance on the U.S. dollar and pay in the Chinese Yuan as an alternative currency, and Bolivia is an example. Bolivia is using the Chinese Yuan to settle cross-border transactions and not the U.S. dollar, reported the Associated Press. The Bolivian Economic Minister, Marcelo Montenegro acknowledged that the country’s Central Bank switched to the Chinese Yuan for global trade. The Latin American country is harnessing the Chinese Yuan due to the U.S. dollar’s shortage that’s plaguing its economy. Also Read: Russia & India Make Huge Announcement on BRICS Currency BRICS: Bolivia Uses Chinese Yuan, Sidelines The U.S. Dollar Source: news.bitcoin.com Montenegro stressed that Bolivia plans to have a branch of a Chinese bank in the country. The Chinese branch of the bank would accelerate currency adoption, allowing smoother and more cost-effective remittance. Bolivia is f...