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Russian security official suggests replacing dollar as global currency

Russian security official suggests replacing dollar as global currency

Russian Security Council Secretary Sergey Shoigu has raised concerns about the US dollar’s dominance in global finances. He believes that Washington’s abuse of the dollar has led to other nations feeling uneasy about the current financial system. Shoigu emphasized the need to move away from a system that is heavily dependent on the US and its laws.

He pointed out instances where the US has used its control over the financial system to damage other countries, such as freezing Russian assets during the Ukraine crisis. Shoigu also highlighted the exploitation of resources by US-linked firms in conflict zones, criticizing them for acting like “vulgar thieves.”

Shoigu suggested that the growing US debt, which exceeded $35 trillion, is another red flag for the reliability of the international financial system. He expressed support for BRICS as an alternative to the US-dominated system, where nations can make decisions without being influenced by a hegemonic power.

In conclusion, Shoigu stressed the importance of moving towards a multipolar world order to ensure financial stability and independence from US control.

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