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Lavrov warns abuse of dollar's role as global reserve currency will weaken its positions

Lavrov stressed that the US sanctions are illegal

ANKARA, August 14. /TASS/. Washington's abusing the role of the dollar as the global world reserve currency will weaken its positions, Russia’s Foreign Minister Sergey Lavrov told reporters on Tuesday. He was speaking after the meeting of ambassadors and permanent representatives of Turkey to international organizations.

"I am confident that the grossest abuse of the dollar’s role as the global reserve currency will weaken it. It will be sinking and more and more countries even those which are not affected by the US sanctions will go away from the dollar, just to be on the safe side, and count on more reliable partners," the diplomat said.

Lavrov stressed that the US sanctions are illegal.

"They undermine all the principles of world trade, and all the principles that are approved by the UN resolutions stipulating that unilateral measures of economic enforcement are illegitimate," he said.

"As for how to overcome these illegal barriers and restrictions - indeed, the use of national currencies in mutual trade is one of the main tasks that the presidents of Russia and Turkey have put in place. A similar process took place in our relations with Iran. We are reaching an agreement with China and already initiated payments in national currencies in our mutual trade," Lavrov said.