"The West is cutting off the branch it is sitting on." – Lavrov "foreshadowed" the collapse of the dollar due to sanctions against Russia.
"The dollar as the world's reserve currency has signed a verdict," he said during a speech at the Creating the Future science fiction symposium (a proper event to discuss issues like this). According to Lavrov, the dollar's collapse will be brought about by "the policy of sanctions that the West is applying, including against Russia."
"The dollar, which for decades was advertised to us explicitly as the common property of all mankind, has been turned into a weapon of suppression and punishment of geopolitical competitors and simply the disobedient. And the dollar was condemned as the world's reserve currency and means of international settlements," Lavrov said.
Last year, he predicted "irreversible dedollarisation," the year before, he said the dollar was "shrinking," and in 2019, he claimed the U.S. would "soon collapse" because of its sanctions policy.
According to statistics from the SWIFT international payment system, the dollar's share in global trade in 2024 reached a 12-year high: in August, 49.07% of all transactions in the world took place in it.
"The dollar as the world's reserve currency has signed a verdict," he said during a speech at the Creating the Future science fiction symposium (a proper event to discuss issues like this). According to Lavrov, the dollar's collapse will be brought about by "the policy of sanctions that the West is applying, including against Russia."
"The dollar, which for decades was advertised to us explicitly as the common property of all mankind, has been turned into a weapon of suppression and punishment of geopolitical competitors and simply the disobedient. And the dollar was condemned as the world's reserve currency and means of international settlements," Lavrov said.
Last year, he predicted "irreversible dedollarisation," the year before, he said the dollar was "shrinking," and in 2019, he claimed the U.S. would "soon collapse" because of its sanctions policy.
According to statistics from the SWIFT international payment system, the dollar's share in global trade in 2024 reached a 12-year high: in August, 49.07% of all transactions in the world took place in it.