Russia has become one of the few states that oppose the hegemony of the dollar and get a positive result. In domestic banks, the share of deposits of individuals and firms in foreign money decreased by 26% only in September, while income from exports in dollars in the second quarter of 2018 fell to 68% compared to 80% in 2013. Dedollarization, supported by Vladimir Putin and the Central Bank, should help the economy more easily transfer new anti-Russian sanctions if they are directed to the financial system. For example, in 2018, the Bank of Russia increased its gold reserves and sold US treasury bonds.. The country also plans to make trade deals more often in rubles.. For exporters who do not use the dollar, consider tax breaks.. Russia is actively developing trade with China in rubles and yuan, the indicators of which over the past 4 years have increased 4 times, to 19%. It also suggests that the country reduces the power of the dollar in the economy. But oil trade with Turkey and Iran does not bring similar results to Russia.

This conclusion was made by the experts of The Wall Street Journal.. They noted that the strategy followed by Russia is followed by other states, for example, Iran and Venezuela.. The EU is trying to expand the influence of the euro and publicly talks about creating a settlement system that would be independent of the US. Nevertheless, experts note that it will be difficult for Russia to completely abandon the dollar due to the fact that the state very much relies on the role of oil and gas..