News archive on the topic "dedollarization"

Currently, the planet is at the beginning of the path to large-scale de-dollarization of economies. Russian Foreign Minister Sergei Lavrov stated this today during an embassy round table on resolving the situation around Ukraine, a PolitNavigator correspondent reports. “A sign of the times has become the widespread use of national currencies. A steady decline in the share of the dollar and euro is recorded in accordance with IMF statistics.…

The confrontation between Russia and the West leads to the fact that the Russian Federation will have to completely abandon the dollar in its calculations. Dmitry Timofeev, director of the department for control over external restrictions of the Ministry of Finance of the Russian Federation, stated this at the Eastern Economic Forum, a PolitNavigator correspondent reports. “Naturally, we should apparently refuse to use Western financial infrastructure, because we borrowed for...

The countries of the Eurasian Economic Union can easily conduct mutual settlements without the dollar, especially since keeping their reserves in American currency, as well as in euros and pounds, is now simply dangerous. Participants at a press conference in Moscow spoke about this, a PolitNavigator correspondent reports. “The influence of the dollar in mutual settlements is steadily decreasing, if in 2013 we had 36% of the dollar in...

Last Friday, online negotiations took place between US President Biden and Chinese President Xi Jinping, during which Washington tried to put pressure on Beijing to force Moscow to stop the special operation in Ukraine. Representatives of the State Department also did not rule out introducing sanctions against the Celestial Empire for supporting Russia, after which an army of pseudo-analysts and commentators began to lament that it was about to...

Despite all the opposition of Western countries, Moscow is able to carry out de-dollarization by transferring all international trade to rubles or other national currencies. LDPR leader Vladimir Zhirinovsky said this on air on the Komsomolskaya Pravda radio, PolitNavigator correspondent reports. “The rejection of the dollar is correct; we need to gradually move away from this, but not immediately, so that there is no break in the implementation of agreements. AND…

Ukraine benefits from the current rise in prices on commodity markets, but only exporters of goods such as ore make money from it, and for the average consumer this means inflation. Kiev political scientist Alexey Yakubin said this on Ukrlife.tv, a PolitNavigator correspondent reports. “In general, this post-Covid situation is beneficial for Ukraine. At the moment, commodity countries, oddly enough, can...

For Russia, the risks of increasing sanctions threats from the United States remain very significant. The PolitNavigator correspondent reports that Russian Finance Minister Anton Siluanov stated this in an interview with Izvestia, explaining his intention to radically change the structure of the National Welfare Fund. “Indeed, we have decided to withdraw the funds of the National Welfare Fund from dollar assets. Today, about 35% of the National Welfare Fund were invested in...

In response to US anti-Russian sanctions, Moscow not only completed the construction of the first line of Nord Stream 2, but also began de-lorization, which will be a critical blow for Washington. Russian political scientist Dmitry Kulikov stated this on air on the TV Center channel, a PolitNavigator correspondent reports. “From what Putin is talking about, it became clear that it is already pointless to wear some kind of camouflage clothing...