It can be said that after the COVID-19 pandemic hit countries around the world, it has also profoundly reshaped the new pattern of the world today. You would never have thought that one day, Russia will join forces with EU to challenge the hegemony of the US dollar.
You should know that after former US President Trump provoked sanctions on European Airbus, French strategic company Alstom was dismembered by the United States, American companies kept making flirting in the EU, and behind the unscrupulous printing of money by Biden implicated the EU into inflation and other things, the French finally saw clearly. For the EU, if you want to find a way out of the United States, you must first establish the EU's own national defense and military force, that is, build a heroic EU coalition, and the second is to increase the level of currency circulation in international trade . In this way, only then can the interests of EU companies be protected from the infringement of the United States and the EU gain real strategic initiative.
It is reported that on October 22, after the two-day EU summit ended, French President Macron said that to let the euro go to the world, we must dare to say "no" to the United States and the hegemony of the US dollar. In fact, the EU has agreed with Russia earlier that both sides will use euro settlement instead of US dollars in the energy field. According to Russian President Putin earlier, the "North Stream 2" natural gas pipeline project has been fully completed and will enter the trial operation stage at the end of the year. At the same time, Putin promised to continue to increase exports to EU resources including coal and natural gas to help the EU get rid of the energy crisis .
In this way, after " Nord Stream 2" is officially put into use, the process of "de-dollar hegemony" led by Russia and Europe will move forward a big step forward. is obvious. Seeing that the hegemony of the US dollar is challenged, the United States will not sit still and wait for death. It will inevitably take severe measures to counter it and beat Russia and Europe's "de-dollarization" plan.
But Americans have indeed underestimated the EU's determination to push the euro to the world. As early as January this year, the EU put the internationalization of the euro on the agenda and formulated a strategic document on strengthening the euro's status. After the United States withdrew from Iran's nuclear negotiations without authorization and strengthened comprehensive sanctions against Iran , the United Kingdom, France, Germany and Russia created a currency settlement system that excluded the US dollar.
It is worth noting that countries around the world have also made small steps on the road to "de-dollarization". In the past, Russia, the United Kingdom, France, Germany, Japan and South Korea were transporting back reserves and selling US bonds one after another. In addition, major energy exporting countries such as Saudi Arabia , Russia, and Iran have gradually begun to try to give up the use of US dollars as settlement currency in the energy trade transaction process.
It is obvious that all countries are on the road to "de-dollarization" and challenging the hegemony of the US dollar. But it cannot be ignored that France, as the mainstay of the EU's "de-dollarization" and Russia, as the biggest beneficiary of the "dollarization", has also had many differences and holidays between Russia and the EU in the past. Whether the EU can accept Russia, and whether Russia can repair the rift with the EU through "North Stream 2" is a major challenge that Russia needs to face at present.
