The US Dollar Can No Longer Threaten China and Russia

In 2022, the US kicked Russia out of the SWIFT system, causing significant losses for Russian businesses and ordinary citizens. Even Switzerland’s traditionally neutral banks joined this looting. The monopoly over the financial system and global currency once gave the U.S. and EU such capability, but at the 2024 BRICS summit, Western countries permanently lost this advantage.

The US Dollar Can No Longer Threaten China and Russia

Previously:

Russia outlines proposal for BRICS DLT cross border payment system

Meeting with journalists from BRICS countries • President of Russia

Vladimir Putin answered questions from the heads of leading BRICS media agencies. The meeting was held ahead of the BRICS summit in Kazan.

The meeting was attended by the heads of media agencies from Brazil, China, Egypt, Ethiopia, India, Saudi Arabia, South Africa, and the UAE. It was moderated by Head of the Rossiya Segodnya Media Group Dmitry Kiselev.

Meeting with journalists from BRICS countries • President of Russia