Dedollarization? Not so fast

The far-Left president of Brazil, Lula da Silva is in the headlines after a week ago he said the following:

Why can’t an institution like the BRICS bank have a currency to finance trade relations between Brazil and China, between

A year of sanctions. How’s it going?

At the beginning of Russia’s war of aggression against Ukraine, multiple countries (and not just Western ones) imposed various types of sanctions on the Russian economy. The imposition of the sanctions’ regime was relatively well executed but very poorly communicated …