Russian Foreign Minister Sergey Lavrov backed former U.S. President Donald Trump’s comments on Friday regarding the adverse effects of U.S. sanctions on the dollar and the American economy. Lavrov concurred with Trump’s assertion that the Biden administration’s sanctions have undermined the dollar’s role as a global reserve currency and weakened the U.S. economic standing.

“Donald Trump directly said that the sanctions imposed by the administration of Joe Biden, using the capabilities of the dollar as a global reserve currency, are destructive for the American economy. I agree with him,” Lavrov was quoted by Tass as saying. The Russian official added:

I agree with him … because the overwhelming majority of countries are already cautious about any operations in the global economy where they will depend on the dollar.

Lavrov pointed out that while many nations are beginning to realize the risks tied to dollar dependence, the currency remains a cornerstone for most global economies.​

Trump has frequently cautioned that the Biden administration’s sanctions and heavy reliance on the dollar as a reserve currency are harming the U.S. economy. Speaking at a rally in Wisconsin earlier this month, he suggested that these policies could erode the dollar’s standing as a reserve currency. Trump also connected the issue to broader concerns, such as inflation and economic instability under Biden, claiming that U.S. policies were diminishing the country’s economic strength.

Amid mounting global concerns over U.S. sanctions and the dominance of the dollar, numerous nations, particularly those in the BRICS economic bloc, have advocated for dedollarization to lessen their dependence on the U.S. financial system. Countries such as China and Russia have been promoting trade in local currencies to reduce reliance on the dollar. This movement has gained momentum as Washington increasingly uses the dollar to enforce economic sanctions. Recent agreements within BRICS and other nations, including Indonesia, to settle trade in national currencies highlight a broader trend away from dollar-dominated global trade.

Lavrov emphasized that although dollar reliance remains pervasive, even in large economies like China and India, the risks associated with this dependence are being recognized. He noted a growing transition toward trade settlements in national currencies, stating:

The dollar is gradually being replaced by switching to settlements in national currencies.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。