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flag Putin says global economy is shifting from dollar dominance to resource-backed stability, with nations like China and BRICS leading the change.

flag In a notable comment during his Valdai speech, Russian President Vladimir Putin emphasized the growing global reliance on physical commodities, particularly oil, as key to economic stability, challenging the dominance of the dollar-based financial system. flag His remarks highlight a shift where access to essential resources—rather than Western financial markets—now underpins economic resilience, a trend underscored by Russia’s ability to maintain stability despite sanctions. flag Global central banks, including those in BRICS nations, are increasingly accumulating gold, expanding oil-for-yuan trade, and developing alternative financial infrastructure, signaling a gradual move toward a resource-backed economic framework.

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