The process of de-dollarization has practically started, according to Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s top diplomat is convinced that Russia’s position on the matter is shared by many other countries while the West is undermining the role of the U.S. currency.
Russia’s Sergey Lavrov Announces Beginning of De-dollarization of Global Economy
Russian Foreign Minister Sergey Lavrov believes that the de-dollarization of the world economy is already in motion, backed by a number of nations. Speaking during the latest assembly of Russia’s Council on Foreign and Defense Policy think tank on Saturday, he stated:
De-dollarization has begun, both in practice and in conceptual speeches.
Lavrov highlighted Brazil’s suggestion that the BRICS summit in August should consider protecting financial transactions within the organization representing the leading emerging economies and safeguarding its New Development Bank from “abuse” stemming from the “dollar’
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