‘DOLLAR BLACKMAIL ENDS’: Lavrov Fires Warning, Reveals Putin’s Big Plan To Crush US Currency

By Times Of India

Community Score: 50% | 107 views | 1mo

0 community ratings: null thumbs up, null thumbs down

Russian Foreign Minister Sergey Lavrov says 97 percent of Russia’s trade within BRICS, the Shanghai Cooperation Organisation and the Eurasian Economic Union is now settled in national currencies. Russian companies increasingly use the rouble, Chinese yuan, UAE dirham and currencies of individual trading partners. Moscow accelerated that transition after Western governments froze Russian sovereign assets and restricted major banks’ access to international financial channels. The dollar remains the world’s dominant reserve and trading currency. But Russia argues that Washington’s use of financial sanctions is encouraging rival powers to construct payment systems, institutions and trade arrangements beyond Western control. #Russia #BRICS #SCO #Lavrov #DeDollarization #USDollar #Putin #Sanctions #Yuan #GlobalEconomy Times Of India (TOI) Is The Largest Selling English Daily In The World. Times Of India Videos Bring You Global News, Views And Sharp Analysis. We Track India's Global Rise,

Tags: times of india, toi, news today, world news, breaking news, latest news, news, Russia de-dollarisation, Lavrov 97 percent trade, Russia BRICS trade currencies, SCO national currency payments, Russia bypasses dollar, Western sanctions Russia, BRICS currency alternatives, rouble yuan trade, UAE dirham Russia trade, dollar weaponisation, alternative payment systems, Russia foreign trade, Eurasian Economic Union