Foreign Minister Sergey Lavrov said that Russia will try to get rid of the peg to the dollar. This is happening “against the background of the increasingly aggressive use of the financial instruments of sanctions by the US administration,” Lavrov said in an interview with the Indian edition of the Times of India. The Foreign Minister believes that mutual settlements should be carried out in national currencies. To do this, at the BRICS summit, the countries agreed to establish correspondent accounts in their central banks.
The Russian authorities want to get rid of dollar dependence, Russian Foreign Minister Sergey Lavrov said in an interview with the Indian edition of the Times of India. This is due to U.S. sanctions pressure.
“Amid the increasingly aggressive use of the US administration’s financial instruments of sanctions pressure, Russia continues its line towards the gradual de-dollarization of the economy. Simultaneously with our main partners, including India, we are working on economic and legal mechanisms that reduce the negative impact of restrictions on the development of bilateral trade and investment ties,” THE Minister was quoted as saying by TOP-NEWS
Sergey Lavrov said that it is already being done in this direction. Countries will try to make mutual settlements in national currencies, avoiding dollar dependence. And Russia has already agreed with China and Turkey on such calculations. At the BRICS summit, the parties came to the conclusion that it is necessary to create correspondent accounts in the central banks of their countries.