Russia’s Top Diplomat: Dollar Dumping Has Begun As BRICS Join Forces

US language and policies are causing de-dollarization, according to Russian foreign minister Sergey Lavrov.

According to Tass, Lavrov believes BRICS members are actively planning a future without the US dollar.

Lavrov, a Russian politician since before the Soviet Union’s fall, says the next BRICS meeting in August will focus on how the alliance’s New Development Bank can defend itself from US opposition.

“De-dollarization has begun, both in practice and in conceptual speeches… Within BRICS, Brazil suggested that the upcoming summit in August should give careful consideration to the tasks of protecting financial transactions within this assembly, of protecting the New Development Bank from abuse of the dollar’s persistent role. And we are putting forward many other initiatives concerning this issue.”

Lavrov said Russia is adapting to a western push to isolate it from the global financial system.

The foreign minister claims that the US has sown instability in other nations to get what it wants, with the dollar at the center of the plot. Lavrov says the tactic is on borrowed time.

“They are releasing lists enumerating the goods that should be banned for export to Russia. I’m not exaggerating now. There was a trio recently – an American, a Briton and a representative of the European Union – who had been touring Central Asian countries.

However, let me repeat, they [Western countries] know well how to play on the difficulties they themselves create for other countries. And they will probably have a certain result, a certain benefit in the short term, but in the long term, they, and first and foremost the Americans, are hewing down the bough on which they are sitting, … including the roles of the International Monetary Fund, the World Bank, and the role of the dollar in the world’s economy,”