The US sanctions risks need to be alleviated by switching to alternative currencies and moving away from using the dollar, Russian Foreign Minister Sergey Lavrov said."We need to reduce sanctions risks by strengthening our technological independence, by switching to payments in national currencies and in world currencies, alternative to the dollar. We need to move away from the use of Western-controlled international payment systems," Lavrov said in an interview with Chinese media, published by the Russian Foreign Ministry.The minister said the US is aiming to limit the technological development of Russia and China, so the two countries need to strengthen their independence."They are promoting their ideologised agenda aimed at maintaining their dominance by holding back the development of other countries. This policy runs counter to the objective trend and, as it was customary to say, is ‘on the wrong side of history.’ The historical process will still take its toll," Lavrov said....
Looks like Cold War 2.0 is on.
Russia, China Must Move Away From Using Dollar, Western-Controlled Payment Systems, Lavrov Says
TASS (Russian state media)
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“ Lavrov says attempts to use sanctions to punish Russia and China are unwise”
ReplyDelete3 words to describe that response:
No. 1: Weak
and No. 2: Weak
and last but not least,
No. 3.: Weak...
USD zombie disgraced pos nation
Oh... oh ... it’s “unwise!” ... I’m really a-scared!
ReplyDeleteWhat a bunch of ball-less wonders...
I would've gone with 'unwarranted'.
ReplyDeleteA major thing Russia could do to increase DEMAND for the ruble would be to allow EVERYONE to use it in ACCOUNT form and not just banks.
ReplyDeleteRemoving deposit guarantees and all other privileges for Russian banks would also increase demand for the ruble.
Tweeting is the new fighting in Cold War 2: Electric Boogaloo
ReplyDelete