US Dollar Dominance Under Fire as Sanctions Push Nations to Alternatives
2025-07-10 03:42:33
Main Idea
A Russian diplomat blames former U.S. President Joe Biden for the declining dominance of the U.S. dollar in global finance, citing sanctions as a key factor pushing nations toward alternatives.
Key Points
1. Maria Zakharova, a Russian spokeswoman, accused Biden's policies, particularly sanctions excluding Russia from global payment networks, of weakening the U.S. dollar's global dominance.
2. She claimed the dollar's decline is a direct result of Biden's leadership rather than a spontaneous global shift.
3. The article mentions discussions about BRICS nations potentially reducing reliance on the dollar, though Zakharova dismissed rumors of its complete elimination.
Description
A top Russian diplomat has squarely blamed former President Joe Biden for the U.S. dollar’s shrinking dominance in global finance, accusing Washington of using payment systems as tools of political coercion. Framing it as a consequence of American economic pressure tactics, Russian Foreign Ministry spokeswoman Maria Zakharova alleged that Biden’s administration deliberately isolated nations from
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