Rising tensions between NATO and Moscow determine

Rising tensions between NATO and Moscow determine

Due to tensions between NATO and Moscow, Russia is preparing a blow right in the heart of America and wants to hit the Americans right where their dollar hurts the most in their national currency. The United States never expected such a decision from the Russians.

Russia’s strategy is to try to hit the US economically. Russian Foreign Minister Sergei Lavrov said on Wednesday that his country would significantly reduce the share of dollars in its foreign exchange reserves. The reason is that the United States is undermining its own confidence in its own currency, according to EFE, quoted by Agerpres.

Russia is reducing its dependence on the dollar

In the financial-banking context, Russia is reducing its dependence on the dollar, announced the head of Russian diplomacy, Sergei Lavrov, in an intervention held on Wednesday in the State Duma.

In his view, “We are trying to reduce our dependence on the dollar, and the Americans are actively helping us to do this, and they are doing their best to undermine confidence in the currency,” the Russian foreign minister said in a State Duma speech. in the context of major tensions between the two world superpowers.

Risk for international transactions due to the US currency

According to Lavrov, the United States has turned the dollar into a “risk currency for international transactions not only with the Russian Federation but also with other countries.”

Thus, “See how I ask them to end the technical-military cooperation (with Russia) to our partners, such as India, Egypt, Turkey, countries that are not small,” he added.

In Russia’s political and financial strategy, therefore, Moscow is stimulating the transition to national currency operations, which “is beginning to stir up debates in the West that are full of concern between economists and political scientists,” said the Russian foreign minister.

In the economic-monetary context, “We are considerably reducing our dollar reserves,” the Russian diplomat insisted, noting that this is a “process that does not go unnoticed.” Russian economic operators are more likely to solve financial transfer problems, and “the Central Bank (of Russia) is developing a financial communications system, and it works,” Sergei Lavrov said.

Therefore, these remarks by the Russian Foreign Minister come in the context in which the ban on financial operations in dollars and the disconnection of Russia from the SWIFT banking data system are evoked as possible Western sanctions against Moscow if it resorted to a military attack on Ukraine.