Russia Says 95 % of Trade With China and India Now Bypasses the U.S. Dollar

Russia reports that around 95 % of its trade settlements with China and India are now conducted in national currencies rather than the U.S. dollar as Moscow accelerates its push toward de-dollarization.

The shift is part of a broader strategy to sidestep Western sanctions. Reduce reliance on dollar-based systems, and strengthen ties with key Asian partners. Financial analysts note that while this figure is striking, it reflects high levels of geopolitical urgency more than standard commercial practice.

Russia aims to reroute payment flows through rubles, yuan, and rupees to mitigate the dollar’s influence. The move also signals a long-term reshaping of global payment infrastructure. Where dollar dominance faces growing challenges from emerging-market alliances.

Clever Robot News Desk 22^th October 2025