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Washington Uses the Dollar When It Wants to Punish a Country – Lavrov

© Sputnik / Vladimir Trefilov

WORLD

11:23 05.09.2018Get short URL

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It seems that dumping the US dollar remains one of the key tasks of Tehran's international trading partners, which are eager to preserve economic cooperation with the Islamic Republic amid Washington's sanctions against Iran.

Russian Foreign Minister Sergei Lavrov has described the US dollar as a lever of pressure, which he said Washington uses when it "wants to punish someone."

"Washington immediately stops servicing any banking operations in dollars in relation to both the country that they want to punish and also all those who have some kind of relationship with it," Lavrov emphasized in an interview with Russian television.

READ MORE: Russia Should Give Up Dollar in Mutual Payment Settlements — Deputy FM

He added in this context that "for decades, everyone hoped that the United States would scrupulously fulfill its duties as the issuer of the world's main reserve currency."

His remarks came after Geert Bourgeois, Minister-President of Belgium's Flanders Region, blamed Washington for using the dollar as a weapon to punish countries and pledged that the European Investment Bank will back investment in Iran amid Brussels' efforts to boost the EU's "blocking statute" to contain the anti-Iranian US sanctions.

Grandmaster Putin’s Trap

Grandmaster Putin’s Trap

Written by ORIENTAL REVIEW on 25/12/2014

Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.

Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions.

Often Western media compares this ability with the ability of a grandmaster, conducting a public chess simul. Recent developments in US economy and the West in general allow us to conclude that in this part of the assessment of Putin’s personality Western media are absolutely right.

Despite numerous success reports in the style of Fox News and CNN, today, Western economy, led by the United States is in Putin’s trap, the way out of which no one in the West can see or find. And the more the West is trying to escape from this trap, the more stuck it becomes.

What is the truly tragic predicament of the West and the United States, in which they find themselves? And why all the Western media and leading Western economists are silent about this, as a well guarded military secret? Let’s try to understand the essence of current economic events, in the context of the economy, setting aside the factors of morality, ethics and geopolitics.

Development of crude oil prices.

After realizing its failure in Ukraine, the West, led by the US set out to destroy Russian economy by lowering oil prices, and accordingly gas prices as the main budget sources of export revenue in Russia and the main sources of replenishment of Russian gold reserves. It should be noted that the main failure of the West in Ukraine is not military or political. But in the actual refusal of Putin to fund the Western project of Ukraine at the expense of the budget of Russian Federation. What makes this Western project not viable in the near and inevitable future.