Afaik this is actively being worked on at the moment by joint Sino-Russian initiatives. It’s still going on somewhat in the background because drawing too much attention to it in the early phase would be unwise. But Russian economist Sergey Glazyev, one of the top people at the Eurasian Economic Union, has laid out in a lot of detail a concrete plan for introducing a new international reserve currency. Alternative interbank payment systems already exist and Russia and China’s (e.g. CIPS) are already partially integrated and their reach is being expanded. For instance Russia’s MIR card is already accepted in Turkey and Iran. A lot is happening through the Shanghai Cooperation Organization as well, and it is currently expanding and accepting new members just like the BRICS+ will be. There is a ton of stuff going on at the moment on this front but you won’t hear about it in the western media until it’s already too late for the West. One journalist who writes a lot about this is Pepe Escobar, i’d highly recommend following him. The knock on effects of this conflict will be huge, Feb 24 represented a global paradigm shift, the end of an era.