China and Russia are trying to involve other countries in the world, either in terms of alternative thinking to the dollar/formation of economic alliances or in any way to implement the underlying strategy, but this is not an easy matter, it involves a huge equation of interests and world politics. Small and weak countries will not be able to free themselves from US influence so easily because they are already influencing and financially supporting every level of the state. China controls approximately about 19% of the global economy's GDP and the US controls about 24%-26%. BRICS can try to pull those weak countries out of US influence, especially if China and Russia play a more leading role but this will lead to a complex equation.
Therefore, the process through which the balance of power is being tried is likely to be successful in stages because the relationship between the United States and NATO countries has deteriorated and distance has been created due to the war with Ukraine and Russia.
I used to think it was a huge challenge and an impossible task, but with what Trump is doing and what America is facing. I believe that de-dollarization is happening faster than ever.
The evidence is that more and more countries want to become members and partners of bloc as well as the decline of USD in global foreign exchange reserves, international trade transactions or the value of USD compared to the world currency basket...That shows that the de-dollarization process is happening very quickly.
But the problem is that changing the balance of world power, the world economy will take decades, it cannot happen in 1 or 2 years. Many people do not understand this issue and think that BRICS is quite slow or has difficulty in building a multipolar world.