SPIEF 2018: Economic forum dedicates first day of conference to alternative ways nations can ditch the dollar

SPIEF 2018: Economic forum dedicates first day of conference to alternative ways nations can ditch the dollar

With Russia already fully prepared to not only move away from the dollar themselves in international trade, but also able to offer the rest of the world an alternative to the global reserve currency system, perhaps it should not be surprising that they have dedicated a full day of their annual economic forum to discussion on ways nations can join them in this crusade.

The first day of the 2018 St. Petersburg International Economic Forum (SPIEF) has seen some fireworks come out right off the bat at the threat of the U.S. imposing even more sanctions on nations such as Iran, France, North Korea, and even Germany has made talks on how businesses and nations can use alternative financial platforms to evade any and all restrictions Washington may impose through their use of the dollar as a financial weapon a high priority.

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