普京改口不反对美元，俄罗斯临阵退缩？他只是说出了问题的关键

Core Viewpoint - Putin's recent statements at the Valdai Conference regarding "de-dollarization" have sparked widespread discussion, revealing that Russia is not actively cutting ties with the dollar but is instead being forced into this position by the U.S. exclusion [1][4]. Group 1: Putin's Position on Dollarization - Putin clarified that Russia is not conducting an anti-dollar campaign or planning a de-dollarization strategy, but is compelled to use its own currency due to the lack of opportunities to transact in dollars [4][9]. - The perception that Russia is abandoning the dollar is misleading; rather, it is a reaction to U.S. actions that have excluded Russia from the dollar payment system [4][6]. Group 2: U.S. Influence and Reactions - The U.S. has maintained its dollar hegemony through sanctions, which, while aimed at Russia, may ultimately threaten the dollar's stability as more countries seek alternative settlement methods [12]. - Trump's administration has been particularly sensitive to the de-dollarization issue, threatening countries that challenge the dollar's dominance with tariffs [4][6]. Group 3: Russia's Economic Reality - Despite the push for local currency settlements, Russia's economy still relies significantly on the dollar and euro, as trade with countries like India presents challenges due to currency liquidity issues [6][7]. - The use of the yuan is limited, primarily for imports from China, and India is reluctant to use the yuan for settlements due to competitive dynamics with China [7][9]. Group 4: Long-term Implications - Putin's cautious approach is a strategic move to avoid escalating tensions with the U.S. while subtly shifting the blame for Russia's economic situation back to American policies [6][9]. - The ongoing trend of countries seeking alternatives to the dollar could lead to a significant shift in the international financial landscape, potentially undermining the dollar's long-term dominance [12].