China’s economic gambit could nuke Putin’s dollar ploy

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1. By Brendan Cole – Senior News Reporter:

   Economists call it the “nuclear” option but speculation that China might devalue its currency the yuan (RMB) could cause fallout for Russia as President Vladimir Putin pushes to move the global economy away from its reliance on the U.S. dollar.

   Putin told the BRICS (Brazil, Russia, India, China, South Africa) summit last August that a drop in the importance of the U.S. dollar was “irreversible” and Moscow has vowed to “de-dollarize” its economy, shunning currencies from “unfriendly” countries that have condemned his aggression in Ukraine.

   Read more: [https://www.newsweek.com/china-russia-yuan-rouble-1896439](https://www.newsweek.com/china-russia-yuan-rouble-1896439)