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Russia is doing quite well getting around the dollar. Others are following their lead. You are likely correct in other parts of your reply. Only time will tell

Russia is doing quite well getting around the dollar. Others are following their lead. You are likely correct in other parts of your reply. Only time will tell. I think the trending direction is clear... Also, rule of law in the U.S. just isn't what it used to be. Many other countries have seen what the U.S. has done with Russian money kept in Western banks.

hylaride 2y ago
> Russia is doing quite well getting around the dollar. Others are following their lead. "Quite well" is debatable. There's large amounts of overhead and complexity involved and Russian energy is being sold at a huge discount. > Also, rule of law in the U.S. just isn't what it used to be. Many other countries have seen what the U.S. has done with Russian money kept in Western banks. Seizing money isn't against the rule of law - that would be like saying a country doesn't have freedom because criminals can be locked up. There's due process and some sanctioned Russian Oligarchs have gotten removed against the US government's wishes because of that - same in Europe.