President Putin met with government ministers to discuss the economic sanctions (war) launched against Russia and to announce the counter-measures.
According to a transcript of the meeting posted on the Kremlin website, Prime Minister Mikhail Mishustin and Finance Minister Anton Siluanov detailed the following measures which are designed to protect the Russian economy from the Americans, British and Europeans who have openly announced that they plan to destroy Russia as a nation.
1 Premises abandoned by foreign companies will be taken over by the Russian government. (How are MacDonalds etc. going to explain that to their shareholders?)
2 Strict capital controls have been established – no foreign capital flows out of the country will be allowed.
3 All foreign debt will be paid in rubles. Those rubles will only be convertible into dollars, euros, pounds etc. out of the funds that are frozen abroad. (European/U.S. debt is over 100 billion US$ – a lot of rubles)
4 All export earnings must be handed in to the central bank – I assume that means redeemed for rubles, not just forfeited.
This does not mean the imminent end of the US$, but it is the beginning of the end game.
Empires die in hubris and, in this instance, the sheer stupidity of the Biden administration and the cowardly acquiescence of Europe. Europe will suffer worst and the effects will be immediate. I read that around US$84B is owed to European banks. The Germans and Austrians are in deep, deep trouble. Look for bank failures.
2022 will be one for the history books.