Project Sword
Recently, the close ties between China and Russia have attracted attention, especially the frequent visits of senior Russian leaders to China, which have significantly strengthened the ties between the two sides. In particular, during the recent visit of the Russian Prime Minister, he boldly made public two major issues and pushed Sino-Russian relations to a new height. At the same time, it is a double whammy for the United States.
First of all, the most shocking news is that during his visit to China, the Russian prime minister reportedly declared that Sino-Russian relations are at the strongest stage in history. In particular, the two countries have significantly increased the proportion of their currencies used in settlements, and by 2023, China and Russia will hardly rely on third-party currencies. He also revealed that in the future, the two sides will further increase the use of local currency in ** settlement.
It is worth noting that earlier during a visit to China, the First Deputy Prime Minister of Russia announced that the settlement rate of local currencies between China and Russia has reached an astonishing 95%. Now, the two countries seem to have been at the forefront of "de-dollarization", completely abandoning the dollar and challenging the dominance of the dollar in both countries. This move not only tightened the relationship between China and Russia, but also clearly challenged the international hegemony of the US dollar, with the intention of accelerating the establishment of a new international settlement system.
Therefore, this series of major achievements of China and Russia is not only an improvement for itself, but also an example for the world, encouraging other countries to accelerate their dependence on the dollar and get rid of the influence of US hegemony. This forces the United States to bear the consequences for its actions. In addition, another noteworthy development is the signing of a memorandum of understanding on antitrust cooperation between China and Russia in the presence of the two prime ministers.
According to the memorandum, China and Russia will cooperate in the fields of anti-unfair competition, anti-monopoly and advertising. Obviously, this is an outcome that both sides are looking forward to, and Russia has reacted quickly and unequivocally. The purpose of signing the memorandum is clear - to show the United States that it will reflect on and refrain from its behavior of undermining the normal international order, which China and Russia cannot tolerate.
By strengthening cooperation in areas such as anti-monopoly, China and Russia have not only issued a serious warning to the United States, but also provided a strong example for other countries, encouraging them to unite to jointly oppose hegemony and maintain world peace and stability. There is no doubt that these actions by China and Russia have put tremendous pressure on the United States to re-examine its own behavior, or else it will only reap the consequences.
Obviously, it is the general trend for China and Russia to join hands to deal with the challenge, which the United States cannot stop. For the United States, it is now in a relatively disadvantageous position, and if it continues its irresponsible behavior, China and Russia will counterattack more precisely and severely. The United States now faces a choice: either change its behavior or face an increasingly assertive counterattack from China and Russia.