According to The Washington Post (WP), citing reports from Russia's Security Council, special meetings took place in Moscow during 2022-2023. These meetings reportedly discussed dedollarization and even planned to undermine the US dollar’s role as the world’s reserve currency. However, Russia has denied this information. On the contrary, Russian authorities have declared peaceful intentions and the renewal of the economic relations system. Russian authorities have identified creating a new global financial order as one of their key tasks. The ultimate goal, one of the documents states, is to dismantle the post-World War II global financial system and the power it gave Washington. These documents also mention the weakening of the US economy. Another document suggests expanded cooperation between Russia and China in various sectors. Both countries may establish a new financial system and launch a Eurasian digital currency based on alternative payment systems. Against this backdrop, some experts believe that strengthening relations between Russia and China, as well as garnering supporters among the Global South countries, will allow Russia to challenge the international financial system. A high-ranking European official, speaking anonymously, opined that Russia "has passed through the Rubicon, and the West has not. The West wants to return to business as usual. But the Russians understood that this is impossible, and they are trying to build a new world." However, the Kremlin has denied these statements. Officials in Moscow deny any activities aimed at undermining the dollar's role globally. According to Dmitry Peskov, the press secretary of the President of Russia, Moscow is working on creating alternatives to the greenback, not undermining its position. In his view, such actions by Western countries erode global trust in them. Peskov added that Russia "is following [the situation] carefully and building a new system of economic neurons because the previous system turned out to be unreliable, false, and dangerous." In January 2024, the leadership of the Bank of Russia announced that at least 20 countries worldwide had connected to the System for Transfer of Financial Messages (SPFS), a Russian regulator-created system that serves as an alternative to the international SWIFT service. In early December 2023, the Central Bank of Russia reported that 150 non-residents from 16 countries had joined this system.