Loading ...Lavrov Soberly Acknowledged The Challenges Posed By Trump 2.0
He calmly acknowledged that it’s now more difficult for Russia to advance its foreign policy goals due to the US’ renewed attempt to dominate the global economy through coercion and force, but he still believes that BRICS will play a pivotal role in furthering the global systemic transition to multipolarity.
https://www.zerohedge.com/geopolitical/lavrov-soberly-acknowledged-challenges-posed-trump-20
BRICS DISINTIGRATED
CHINA IS SUPPORTING UKRAINE AND RUSSIA IS GOING BACK TO THE DOLLAR
Lavrov said:
“We are not advocating for the IMF, the World Bank and the WTO to cease their existence” and that “President Putin has said on many occasions that we are not the ones refusing to use the dollar.
The United States under President Joe Biden did everything to make the dollar a weapon against those who are deemed objectionable.”
BRICS, its proposed economic-financial tools, and other alternative platforms are only meant to complement existing ones and induce reform therein.
Russia’s vision of BRICS’ role in the global systemic transition, which he foresees “creating an architecture that will not be subject to the illegal actions of one or another player from the Western flank.”
Lavrov also linked this substack in his commentary:
De-Dollarization Was Always More Of A Political Slogan Than A Pecuniary Fact
https://korybko.substack.com/p/de-dollarization-was-always-more
Note that it was written a year ago and discredits the perception of Russia actively de-dollarizing (nor India & China for that matter).
Rather it highlights BRICS countries as striving to use their national currencies more in trade while diversifying their foreign currency baskets in order to avert dependence on any single one. That isn’t de-dollarization, it’s striving to strengthening individual national currencies and financial position.
It’s no different than DJT “AMERICA FIRST” style policy – except that it’s being implemented by INDIA, CHINA, RUSSIA etc.