Russia is taking over rotating presidency in BRICS in 2024. It will use its chairmanship to push for greater multipolarity, shedding dollar dependence, experts told Sputnik.
The process of dedollarization will be neither a fast nor an easy one, but it is definitely possible in the future, Carlos Tabunda, dean of the Faculty of International Relations at New Era University (Philippines), told Sputnik.
Interestingly, the dollar faced a similar fate around this time last decade, when the US and its closest ally Europe imposed oil sanctions on Iran in 2012.