In his characteristically biting fashion, Dmitry Medvedev, former head of state and current deputy chair of Russia’s Security Council, had choice words for the European politicians who stupidly took orders from London and Washington to impose “crazy” sanctions on Russia but “shot themselves in the head” when those sanctions boomeranged and badly damaged European economies. Writing in his Telegram account, as quoted by Republic World, Medvedev also echoed earlier comments by President Vladimir Putin, who told the BRICS Business Forum on June 22 that BRICS countries were working on reliable alternative payment mechanisms for international settlements and that the creation of an international reserve currency based on the basket of the BRICS currencies was also under consideration.
On the day on which the euro and the dollar reached parity on the Moscow Exchange, indicating how far the euro has declined, Medvedev wrote that the “best protection against the rotting euro will be the transition to new payment methods in trade with our reliable partners, including through the use of national currencies – the Russian ruble, the Chinese yuan, the Indian rupee, etc. In the future, it is also possible to establish a new reserve currency of the BRICS countries. The dollar, euro, and pound sterling are clearly not enough for the modern world.”
