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In the wake of the ongoing Ukraine war and subsequent sanctions, Russia's adoption of the Chinese yuan could potentially undermine long-term dollar dominance, according to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD). This shift is primarily attributed to the diversification of invoicing currencies.

The statement was suggesting that Russia's strategic move towards the Chinese currency is a part of a broader trend of de-dollarization. 

This trend has been gaining momentum due to geopolitical tensions and economic sanctions that have isolated Russia from Western financial systems.

The EBRD economist pointed out that this shift towards the yuan may lead to a significant change in global currency dynamics. The diversification away from the dollar in international transactions can potentially erode its dominance in the long run.

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"The Russia Ukraine war started"

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A new Washington Post-ABC poll showing Joe Biden trailing his presidential predecessor Donald Trump by 10 percentage points.

The Washington Post acknowledged its survey was not in line with most polls.

The Post wrote in its analysis: “The … poll shows Biden trailing Trump by 10 percentage points at this early stage in the election cycle, although the sizable margin of Trump’s lead in this survey is significantly at odds with other public polls that show the general election contest a virtual dead heat.

Bleed..

Ukrainian President announced he would pursue fast-track NATO membership, yet the application failed to draw.  

US National Security Advisor Jake Sullivan articulated that it was "not the right time." His underlying message was: The US does not need Ukraine as a NATO member, but needs Ukraine, rather than the whole of NATO, to fight against Russia. 

The value of Ukraine as a pawn has not yet been fully exploited by the US. Before Russia is exhausted by the war, the US will have no appetite to end the crisis, or stop taking advantage of Ukraine.   Ukraine is the one that literally keeps bleeding. 

 Ukraine has been trapped in an ethnic conflict for a long time at home. Worse still, it is now in a war. 

NATO has a clear standard when it comes to expansion - to gain more advantage, rather than taking on a burden. Only when Ukraine develops itself into a stable and prosperous country without conflict both at home and broad will it be the realistic timing for it to become a NATO member.   [GT]