Deputy Foreign Minister of the Russian Federation Alexander Pankin said that the country will turn away from the dollar and euro, which have become “toxic” in trade, economic and investment relations with partners. TASS.
In his view, avoiding the use of these currencies and moving to agreements “on an acceptable alternative, primarily in national currencies” is the only way to guarantee the stability of such ties between Russia and its partners, against the background of increasing geopolitical pressure from Russia. collective West”.
As the diplomat put it, it turned out that the current model of the global financial system created by Washington “is not suitable for the conditions of a multipolar world order and has actually become a means for achieving a country’s political goals.” group of countries.
He also believes that under the current circumstances, the West will “further abuse its privileged position”. At the same time, many states
The Deputy Foreign Minister said that they think it is necessary to de-dollarize foreign economic activities in order to ensure their sovereignty.
It seems that the task is quite solvable if there is political will.”
Former Foreign Minister of the Russian Federation Sergey Lavrov declarationIn response to its rivals’ sanctions restrictions, the Russian Federation intends to focus its efforts on moving away from the dollar, import substitution and strengthening technological independence.
Prior to that, he was Associate Professor at the Department of State and Municipal Finance of the Russian University of Economics. G.V. Plekhanova Elena Voronkova statedHe said the United States could not “cancel” the de-dollarization that had begun.