Very. They (China, Russia, India) are calling it "the multi polar world". Knocking swift, visa, mastercard and the dollar out of every country they can has been a goal for years, and now they are handing it them on a plate. Sigh.
Commenting more in the sense they are supporting non democratic states. The same way companies/consumers(?) are moving out of Russia, they could reduce spending on products from places that fail at environmental, social, governance and democratic levels (it comes with its own set of problems though)
