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Dollar Used as West's Real or Potential Weapon to Solve Political Tasks: Lavrov

© Sputnik . Svetlana ShevchenkoUS Dollar bills.
US Dollar bills. - Sputnik Africa, 1920, 31.01.2024
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This January's BRICS sherpas' and sous-sherpas' meeting is the first held in Russia as the 2024 chair of the group, as well as the first event of the kind in the expanded format.
The dollar and subsidies granted by international financial institutions are used "as an instrument of coercion", Russian Foreign Minister Sergey Lavrov said during a meeting of sherpas (representatives) of BRICS member countries in Moscow.

"Unilateral sanctions undermine existing, convenient and efficient value chains, undermine their development prospects, first of all in the countries of Asia, Africa and South America," he noted. However, global economic activity is shifting towards Eurasia and the Asia-Pacific region, the head of Russian diplomacy stated.

BRICS Summit, in Johannesburg, South Africa, Thursday, Aug. 24, 2023. - Sputnik Africa, 1920, 31.01.2024
BRICS Is Organizing Force for Countries of Global South & East, Lavrov Says
The world is turning to payments in national currencies as a more multipolar landscape emerges, Russia's foreign minister said in August. Efforts led by the United States to preserve Western domination are doomed to failure, Lavrov insisted while speaking at the 11th Moscow Conference on International Security. He accused Washington of privatizing the UN and using NATO as a barrier to ignore the agreements.
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