Russia Aims to Boost National Currency Settlements Amid Dollar's Declining Role Despite US Tariff War, Trade Official Says
19:08 09.04.2025 (Updated: 19:44 09.04.2025)
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Russia Aims to Boost National Currency Settlements Amid Dollar's Declining Role Despite US Tariff War, Trade Official Says
In cooperation with African countries, Moscow also prioritizes the development of logistics and processing infrastructure, Russia's trade representative in Nigeria Maxim Petrov said.
The projects supervised by the Russian trade mission in Nigeria exceed $1.5 billion, which proves the effectiveness of such principles in bilateral trade, the official noted.
"The tariff war unleashed by the US is a reflection of the process of dividing the world into monetary and economic macro-regions. Attempts by American financial and industrial groups to reverse this trend through blackmail and pressure on sovereign economies may slow down the process of the dollar losing its role as the world's reserve currency and monopoly means of international settlements, but they will not be able to stop it," he told a Russian media outlet, commenting on the new US tariffs announced last week.
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