De-Dollarization Crisis Hits as Russia-Belarus Reach 98.8% Currency Shift
The de-dollarization trend in Russia has actually reached an unprecedented milestone, and the numbers are quite remarkable. Russia and Belarus have now achieved a 98.8% shift to national currencies in their bilateral trade, which represents the most significant Belarus ruble shift we’ve seen so far. This de-dollarization crisis is unfolding faster than many expected, and it’s signaling a major currency transition in 2025 that could reshape how nations conduct international business. The Russia-Belarus trade agreement demonstrates that complete dollar elimination in bilateral commerce isn’t just possible—it’s already happening right now. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons Russia-Belarus Ruble Shift Sparks Global Currency Transition Source: CryptoRank Record-Breaking Currency Transition Russia has applied de-dollarization strategies that leveraged various major diplomatic frameworks, and the results have been qu...