Russian President Vladimir Putin has actively sought to garner support from eleven ASEAN leaders, including Indonesia, in a move widely interpreted as an effort to reduce reliance on the US dollar. The meeting signaled a renewed push for dedollarization, though specific details of proposed alternatives were not immediately disclosed. This initiative follows a broader trend of countries exploring options to diversify away from the dollar in international trade and finance. Putin’s outreach to ASEAN reflects Russia’s desire to strengthen economic ties with Southeast Asian nations and potentially establish alternative payment systems. Analysts suggest this is a strategic attempt to counter Western financial influence and promote the use of the Russian ruble, alongside other currencies, in regional transactions. The outcome of these discussions and any concrete steps towards dedollarization remain to be seen, but the meeting underscores a growing global challenge to the dollar’s longstanding dominance.