by dealing with other countries directly in their own currencies, they do not have to hold dollar assets and, therefore, sanctions are ineffective as a weapon against them because they are unenforcable. Russia is now demanding that it's oil and gas sales to Europe are paid in rubles not dollars and several other Countries are making deals with each other to trade in their own currencies. The days of the Dollar as the reserve currency of the world are coming to an end. Additionally, they see us printing Trillions and have come to realize that serious inflation or even hyperinflation are more than possible and they don't want to be holding a rapidly depreciating currency.