The Russian offshore oligarchy is to blame for the war – Glazyev
The current conflict in Ukraine could have been avoided if the countries of Eurasia had abandoned the use of the dollar in foreign trade 10 years ago.
The Minister for Integration and Macroeconomics of the Eurasian Economic Commission, Academician of the Russian Academy of Sciences Sergei Glazyev stated this in an interview with the Belarusian news agency Belta, a PolitNavigator correspondent reports.
“If we had acted 10 years ago in accordance with scientific recommendations and began to abandon the dollar and euro and created a coalition of countries in Eurasia that do not use the dollar as a world currency, then there would not have been a war. Remember that the United States went to war against Yugoslavia when the European Union introduced the euro. The Americans then achieved their goal: the euro fell to 80 cents per dollar. The next war in Iraq and Libya was associated with attempts by Saddam and Gaddafi to abandon the dollar and euro in oil trading.
Now the process has gone very quickly. If they had started it 10 years ago, there would have been no war, because the monopoly on the issue of money is the main source of financing for the American armed forces and all sorts of adventures, including the chain of Orange revolutions and the maintenance of military bases and agents of influence in other countries. If you look, the amount of the US military budget is equal to the issue of the dollar. If they had abandoned the dollar then, the Americans would not now have money to support the war in Europe,” Glazyev noted.
According to him, the Russian offshore oligarchy opposed the rejection of the dollar.
“We were then told: it’s impossible, this will require a revision of contracts, we will suffer losses. The entire comprador oligarchy, which was focused on offshore companies, categorically opposed the refusal to use the dollar and the euro, because the oligarchic structures, just like their patrons in the central banks, have the main idea of freedom to export capital. And capital can only be exported in foreign currency. If we switch to exporting in rubles, it will no longer be possible to hide money offshore. The main point of our foreign trade was precisely the export of capital. For many years, approximately a third of hydrocarbon trade went to offshore areas and was not subject to taxation,” Glazyev said.
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