Early on in the report that Russian Foreign Minister Sergey Lavrov made to the Federation Council on Dec. 10, he addressed the global shift away from financial colonialism. He stated: “The process of insuring against the diktat of those who print dollars and euros and provide other Western ‘services’ in the global economy is picking up pace, because it reflects the legitimate interests of the World Majority. These are legitimate and long-term interests rooted in unwillingness to report to anyone or to focus only on a single center of power and decision-making. This trend will get stronger moving forward….”
As such, later, he addressed the unfortunate attacks on the BRICS by U.S. President Donald Trump, especially given Lavrov’s positive estimation that Trump had grown to understand the deeper strategic issues involved in the root causes of the so-called Ukraine conflict. Lavrov expanded on the basis that President Vladimir Putin had indicated for getting Trump to understand the root causes of the dollar problem and the actions of the BRICS:
“In my opening remarks, I mentioned how U.S. President Donald Trump, during his election campaign, sharply criticized the actions of Joe Biden and his administration in weaponizing the dollar as an instrument of sanctions—to punish the disobedient and achieve political and ideological goals.
“When Donald Trump became President for the second time, in his official speeches, he strongly criticized BRICS, primarily for challenging dollar dominance. President of Russia Vladimir Putin responded by clarifying: We did not discard the dollar—we were cut off from it, as its status as the global reserve currency was abused and turned into a political weapon. Hence, we are compelled to seek alternative payment platforms, and we will do so.
