MOSCOW, April 3. /TASS/. The world is witnessing the "erosion of trust" to the dollar and euro, with countries doubting their reliability and looking at making settlements in national currencies, Russian presidential press secretary Dmitry Peskov said on Sunday.

"We are witnessing such a madness of sanction enthusiasm - Russia is subject to the biggest-ever sanction pressure," he said in an interview with the Moscow.Kremlin.Putin program on the Rossiya-1 television channel.

He recalled that Russia’s currency reserves in other countries have been frozen. "The process began before that but this only speeds up the process of the erosion of the global reserve currency. It is erosion of trust to the dollar and the euro, which have always been a kind of a backbone for all international settlements. More and more countries are doubting the dollar’s and euro’s reliability and are looking at options of making settlements in national currencies," he said. "There is no stopping this process, it will only grow stronger."

According to Peskov, it is evident that "a new system, differing from the Bretton Woods one," will finally come into being.