The dollar, which for decades has been advertised to us as the common property of all mankind, has been turned into a weapon of oppression and punishment against geopolitical competitors and dissenters.
In doing so, they have essentially written a sentence for the dollar as a global reserve currency and a means of international settlement.
The hybrid war being waged by the USA and its allies against Russia is hurting the world’s poorest nations the most and backfiring on Washington, Russian Foreign Minister Sergey Lavrov has argued.
Lavrov delivered his remarks at the Inventing the Future symposium in Moscow.
He claimed the USA and its allies are reviving the spirit of the Cold War by declaring the need to eliminate perceived “threats” to their dominance from Russia, China, and other countries pursuing independent national policies.
By struggling to preserve its privileged position, Washington is chopping down the branch on which it sits and destroying the system of globalization that they have fostered and promoted to the world.
Last month, at the BRICS Summit in Kazan, President Vladimir Putin noted that Washington has made a “big mistake” by weaponizing the dollar.
In pursuing de-dollarization, Moscow is not trying to undermine the US currency but is merely forced to look for alternatives in trade with its partners.
The United States itself is withdrawing the dollar from circulation, as more countries begin to fear that they may be next. No one knows what they can be punished for, Lavrov noted on Monday, recalling Putin’s words.
The extraterritorial application of unilateral restrictions harms the poorest states, depriving them of affordable energy resources, food, fertilizers, and basic technologies, not to mention advanced scientific achievements and developments.
Highlighting that developing countries in Asia, Africa, and Latin America suffer the most.
The Western capitals have suddenly forgotten principles such as fair competition, the inviolability of property, the presumption of innocence, and many others.
Over the past ten years, Russia has faced more than 21,000 sanctions across various sectors, from economics and trade to culture and sports, according to Lavrov.
Russian financial institutions were largely cut off from the Western system in 2022 in response to Russia’s military operation in Ukraine.
As a result, Moscow has accelerated trade with international partners using their national currencies, a trend increasingly supported by BRICS members, who have shifted away from using the dollar and euro for trade settlements.
RT. com / ABC Flash Point News 2025.
We hope the terrorist hegemony will now go through a long tumultuous period of internal secessionist disputes and an eventual civil war before imploding upon the rest of the world in a wild frenzy.
Yank priorities appear to be changing for ONE, very simple reason; it engineered a war with Russia, supplied the proxy will all it could, used its battle tactics etc to fight Russia, involved the EU/UK and of course NATO…….. and LOST!!
THAT is why its priorities appear to be changing; REALITY has hit home!!
Your right TH they shot themselves in the foot because of their perceived inbuilt arrogance ,they thought they were invincible but weren’t causing countries to see that if you didn’t obey the USA you got sanctioned .
Sanctions only work as long as the “almighty dollar ” is the world trade currency once countries mistrust it and leave it they lose faith in the banking system and now even American millionaires are selling off $$$$$$ .
Exactly, and that is why the gold price is surging to new highs every month since 2024.