more big movements:
https://www.aljazeera.com/news/2023/2/22/xi-jinping-to-visit-moscow-for-summit-with-putin-reportwe're now getting confirmation of Xi Jinping's plan to visit Moscow, which was something hinted at by Wang Yi's visit.
he'll give his speech on a peace deal for Ukraine on Saturday this week, then will visit Moscow "in the coming months" for the express purpose of playing a peace mediator role in the Ukraine war
https://www.kitco.com/news/2023-02-22/Iraq-to-allow-trade-with-China-in-yuan-state-media.htmlIraq (now beholden to Iran) is going to formally allow trades in RMB, a direct shot at the petrodollar.
Quote
Iraq's central bank said on Wednesday it planned to allow trade from China to be settled directly in yuan for the first time, in an attempt to improve access to foreign currency.
The central bank has been taking urgent steps to compensate for a dollar shortage in local markets, which prompted the cabinet to approve a currency revaluation earlier this month.
"It is the first time imports would be financed from China in yuan, as Iraqi imports from China have been financed in (U.S.) dollars only," the government's economic adviser, Mudhir Salih, told Reuters on Wednesday.
The move is the latest sign of the yuan's growing role on the international stage as China gradually opens up its financial markets and some countries look to diversify their currency exposures.
This is what it looks like when American hegemony over geopolitics and global finance collapses in real time.