Jul 24 • 50M

Iran & Russia pledge to cut US dollar from global trade, strengthen China alliance

Russian President Putin visited Iran, signed a $40 billion energy agreement, and pledged to strengthen their alliance with China. They also called to drop the US dollar in global trade.

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Multipolarista is a political podcast hosted by journalist Benjamin Norton, reporting on the end of US unipolar hegemony and the transition to a multipolar world.
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In a significant example of growing Eurasian integration, Russian President Vladimir Putin visited Iran, signed a $40 billion energy cooperation agreement, and pledged to strengthen their economic and military alliance with China. Moscow and Tehran also called to drop the US dollar and use local currencies for trade.

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Passage from Zbigniew Brzezinski’s 1997 book “The Grand Chessboard” (emphasis added):

Finally, some possible contingencies involving future political alignments should also be briefly noted, subject to fuller discussion in pertinent chapters. In the past, international affairs were largely dominated by contests among individual states for regional domination. Henceforth, the United States may have to determine how to cope with regional coalitions that seek to push America out of Eurasia, thereby threatening America’s status as a global power. However, whether any such coalitions do or do not arise to challenge American primacy will in fact depend to a very large degree on how effectively the United States responds to the major dilemmas identified here.

Potentially, the most dangerous scenario would be a grand coalition of China, Russia, and perhaps Iran, an “antihegemonic” coalition united not by ideology but by complementary grievances. It would be reminiscent in scale and scope of the challenge once posed by the Sino-Soviet bloc, though this time China would likely be the leader and Russia the follower. Averting this contingency, however remote it may be, will require a display of U.S. geostrategic skill on the western, eastern, and southern perimeters of Eurasia simultaneously.