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Washington alone undermines long-term faith in dollar using sanctions, says Lavrov

The top diplomat says US companies will benefit from sanctions covering dollar-denominated settlements over the short term, but long-term faith in the dollar is undermined

© Egor Aleev/TASS

MOSCOW, December 17. /TASS/. The United States shakes faith in the dollar over the long term by imposing new sanctions not only against Russia, but against its allies as well, Russian Foreign Minister Sergey Lavrov told the Komsomolskaya Pravda radio station on Monday.

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US companies will benefit from sanctions covering dollar-denominated settlements over the short term, he said. "However long-term faith in the dollar is undermined," the minister said, "which also shakes the US basic long-term interests since today everyone starts thinking of how to get rid of the dependence on the dollar."

Russia’s top diplomat also pointed to US sanctions imposed against EU countries over their cooperation with Iran. "There are no laws prohibiting cooperation with Iran in France or Germany, and when European companies carry on absolutely legal business operations, they are charged several billion dollars as a transaction so that they could work with the US as well, that is a purely hostile seizure," he emphasized.

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