Global political and economic transformations and changes in financial systems

In recent years, political and economic tensions have been growing globally, the most serious of which has been the sanctions standoff between Russia and the "collective West", which can be viewed as part of the transition process to a new global economic and financial system. This article examines the impact of these changes on the Russian and global financial systems. It concludes that financial transformation is inevitable and objectively determined, driven largely by economic rather than political factors. A trend toward dedollarization and yuanization of the global financial system is noted.