Last month, the United States broadened financial sanctions against China while simultaneously promising to prolong Ukraine sanctions on Russia and impose further ones for election interference, the poisoning of opposition leader Alexei Navalny and the SolarWinds hack. In a rare joint statement in late March, China and Russia doubled down on earlier pledges to upend the global reliance on the U.S. dollar, and the long-standing global financial system that enables the U.S. to strong-arm them.
Washington Post: China and Russia announced a joint pledge to push back against dollar hegemony
Russian President Vladimir Putin (L) shakes hands with Chinese National People's Congress (NPC) Standing Committee Chairman Li Zhanshu (R) during their meeting at the Kremlin in Moscow on Sept. 25, 2019.
