Lavrov: US Uses Dollar as a Punishment Tool
According to webangah News Agency, Russian Foreign minister Sergey Lavrov addressed the BRICS member states meeting in Rio de Janeiro, emphasizing the urgent need to strengthen a multipolar global order amid fundamental international structural shifts.
Decline of the Global Economic Order
Lavrov stated that recent economic crises exposed the inefficiency of outdated neoliberal models, with COVID-19 revealing systemic flaws in global trade and finance. he condemned unilateral sanctions and the weaponization of the U.S.dollar as tools of coercion, undermining trust in what was once considered a reliable payment currency.
Debt Crisis and Emerging Threats
The minister highlighted rapid debt growth as another critical issue: high-debt nations surged from 22 in 2011 to 59 today, forcing developing countries to prioritize debt repayment over development investments. Even developed economies face失控-the U.S. holds a record $37 trillion in government debt, still climbing.
Rise of New Economic Poles
“Most nations now seek Western-autonomous development mechanisms,” Lavrov noted, citing regional organizations like ASEAN and SCO as key players.New global economic architectures are emerging based on equality, multilateralism, and non-discrimination in trade settlements and technology-with human capital prioritized amid digital/AI challenges.
BRICS as Change engine
“BRICS drives this transformation,” Lavrov concluded, detailing its role in building a stable economic framework rooted in clarity and equal prospect.BRICS members contribute over 40% ($93 trillion PPP-adjusted GDP) to global output-45% including partners-while representing 20%+ of world trade and nearly half its population.
