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Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?
It's probably just a wishful thinking at this point but I'm hoping this new "alliance" will be strictly on improving economic ties through trades among member countries and won't be used as a political tool to rival the G7.
Having another major currency that will compete against USD's global dominance is fine but it will be problematic to all if these two will clash and impose sanctions against each other.