Russian Deputy Foreign Minister Alexander Pankin acknowledged that Russia will work to eliminate the dollar and euro from trade and business relationships with partners.
Against the backdrop of increasing geopolitical pressure from the West, the only way to ensure the stability of Russia’s trade, economic, and investment relations with its partners is to abandon the use of toxic currencies, most notably the US dollar and the euro, and to shift to accounts in accepted currencies, most notably national currencies.
He noted that Washington’s present model of the global financial system has shown to be unusable under the conditions of the multipolar world, and in essence it has transformed into an instrument to fulfill the political interests of one set of countries.
Bankin also stated It is apparent that the West seeks to maintain its advantageous position in the current conditions. We are delighted that many nations that are pursuing unprecedented and unlawful sanctions against Russia have begun to consider abandoning the dollar in their global economic activities in order to ensure its sovereignty.
It turns out that the task is entirely possible if there is political will, he continued.
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