Ukraine was to sink Germany and the EU, it succeeded. It simply failed at taking Russia down at the same time.
It did make de-dollarization a somewhat concerted effort by late 2022, but that momentum has largely stopped. We’ll know this when we see dollar denominated debts are cancelled en masse, but that’s not what we are seeing as of right now. At the same time, Biden has since been on the counteroffensive to re-dollarize the world.
Ukraine was to sink Germany and the EU, it succeeded. It simply failed at taking Russia down at the same time.
It did make de-dollarization a somewhat concerted effort by late 2022, but that momentum has largely stopped. We’ll know this when we see dollar denominated debts are cancelled en masse, but that’s not what we are seeing as of right now. At the same time, Biden has since been on the counteroffensive to re-dollarize the world.