Diplomat warns US placing dollar and West’s payment systems in jeopardy

The Foreign Ministry spokeswoman pointed out that Russia’s gradual reduction of the dollar share in national and cross-border settlements is a “forced decision”Russian Foreign Ministry Spokeswoman Maria Zakharova Russian Foreign Ministry/TASSRussian Foreign Ministry Spokeswoman Maria Zakharova© Russian Foreign Ministry/TASS

MOSCOW, April 15. /TASS/. Recent US actions cast doubt on the advisability of using the dollar and payment systems controlled by the West, spokesperson for the Russian Foreign Ministry, Maria Zakharova said at a briefing on Thursday.

“Naturally, all this casts doubt on not only the expediency of using the American currency as a priority payment currency, but also the reliability of using payment mechanisms controlled by the West,” the diplomat said.

She pointed out that Russia’s gradual reduction of the dollar share in national and cross-border settlements is a “forced decision” made “in the conditions of losing confidence in the West in matters of ensuring uninterrupted access to the international financial system” as well as declining predictability of US economic policy and uncontrolled introduction of unreasonable restrictive measures.

On Thursday, the United States introduced another package of sanctions against Russia, this time related to Moscow’s alleged hacker attacks, interference in the US elections and the situation around Crimea.

(c)TASS 2021

4 comments

  • Now that China put Russia firmly in their place by refusing the Russian version of SWIFT, I would say it’s the Muscovy payment systems that are in jeopardy. How many countries worldwide are not using the dollar to trade in? A hell of a lot more than use the rubble that’s for sure, but we have been here before, Muscovy have been predicting the death of the dollar for 20 years. Just to make my point, which currency lost 2% against the dollar today?

    Liked by 6 people

    • onlyfactsplease

      Even in the former Soviet republic Ukraine, the ruble hardly plays a role anymore. It’s mainly the dollar and then the Euro that everyone wants. All real estate prices are in dollars and some in both dollars and euros. The ruble is toilet paper. When my Crimea friends were in Germany, they could not trade in their rubles for euros or dollars. Not even at one of the banks in Frankfurt. No one wanted their rubles. The ruble is toilet paper.

      Liked by 6 people

  • onlyfactsplease

    “The Foreign Ministry spokeswoman pointed out that Russia’s gradual reduction of the dollar share in national and cross-border settlements is a ‘forced decision’.”
    Yes, it was forced upon the mafiosi by us.

    “…in the conditions of losing confidence in the West in matters of ensuring uninterrupted access to the international financial system” as well as declining predictability of US economic policy and uncontrolled introduction of unreasonable restrictive measures.”
    It’s not hard to guess that the Kremlin’s own whore has no inkling about financial matters and that she was not briefed by anyone competent.

    Liked by 6 people

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