The Russian Foreign Minister has announced the start of the de-dollarization of the world economy

The Russian Foreign Minister has announced the start of the de-dollarization of the world economy

May 21, 2023 - 20:07
May 23, 2023 - 08:32
The Russian Foreign Minister has announced the start of the de-dollarization of the world economy
The Russian Foreign Minister has announced the start of the de-dollarization of the world economy

Sergey Lavrov noted that such a trend is already observed not only conceptually, but also in practice. "Dedollarization has begun, both in practice and in conceptual discourses. Within the BRICS framework, Brazil has already proposed to seriously consider the upcoming August summit tasks of protecting financial agreements within this association, protecting the assets of the new development bank from abuse of the still remaining role of the dollar and many other initiatives in this direction have been proposed", said Lavrov on Saturday during his speech to the XXXI Assembly of the Foreign and Defense Policy Council. The minister added that Russia's position on the issue of de-dollarization is shared by many countries. "We have many allies, many like-minded people," he said