https://en.sputniknews.africa/20230626/russian-official-at-imf-reveals-whos-responsible-for-dollar-alternatives-search-1060161692.html
Russian Official at IMF Reveals Who's Responsible for Dollar Alternatives Search
Russian Official at IMF Reveals Who's Responsible for Dollar Alternatives Search
Sputnik Africa
WASHINGTON (Sputnik) – The use of international trade and the dollar as a weapon by the West makes the fragmentation of the world economy inevitable, Aleksey... 26.06.2023, Sputnik Africa
2023-06-26T08:31+0200
2023-06-26T08:31+0200
2023-08-03T10:49+0200
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international monetary fund (imf)
united states (us)
iran
china
brazil
saudi arabia
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The United States has created a situation where countries throughout the world are searching for alternatives to the US dollar, Aleksey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), told Sputnik.The Russian representative pointed out that other national currencies are increasingly used worldwide, primarily the Chinese yuan.Apart from that, the Russian official has also pointed out that the fragmentation of the world economy is inevitable due to the West's actions.He pointed out that Western representatives at the IMF are trying to avoid this problem, and the leadership of the international organization cannot ignore the pressure that Western participants are exerting on it. As an example of the fragmentation of the world economy Mozhin mentioned the consequences of Western sanctions introduced against Russia.
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russia, international monetary fund (imf), united states (us), iran, china, brazil, saudi arabia, west, us dollar, ditching dollar, de-dollarization, international
russia, international monetary fund (imf), united states (us), iran, china, brazil, saudi arabia, west, us dollar, ditching dollar, de-dollarization, international
Russian Official at IMF Reveals Who's Responsible for Dollar Alternatives Search
08:31 26.06.2023 (Updated: 10:49 03.08.2023) WASHINGTON (Sputnik) – The use of international trade and the dollar as a weapon by the West makes the fragmentation of the world economy inevitable, Aleksey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), told Sputnik.
The United States has created a situation where countries throughout the world are
searching for alternatives to the US dollar, Aleksey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), told Sputnik.
"The Americans themselves have created a situation where the search for alternatives to the dollar has inevitably started. And now we see how it's happening," Mozhin said.
The Russian representative pointed out that other
national currencies are increasingly used worldwide, primarily the Chinese yuan.
"We see that Iranians, Brazilians, and Saudis are already switching to trade in yuan not only with China, but also with third party countries," Mozhin told Sputnik.
Apart from that, the Russian official has also pointed out that the fragmentation of the world economy is inevitable due to the
West's actions.
"The blatant use by the West as a weapon of international trade, finance, as well as the dollar and the euro itself, makes the fragmentation of the world economy not only inevitable, but also irreversible," Mozhin said.
He pointed out that Western representatives at the IMF are trying to avoid this problem, and the leadership of the international organization cannot ignore the pressure that Western participants are exerting on it. As an example of the fragmentation of the world economy Mozhin mentioned the consequences of Western sanctions introduced against Russia.
"We have learned this lesson, we will never allow ourselves to be so dependent on imports again, at least in the strategic sectors of the economy," Mozhin told Sputnik, adding that the whole world is now aware that globalization is forcing all countries to follow the path of specialization to the detriment of economic diversification and that the process of deglobalization will continue.
