Vyacheslav Volodin: USD became toxic

According to Chairman of the State Duma, Washington has completely undermined confidence in the dollar as a global reserve currency by imposing illegal sanctions on our country’s financial institutions
Chairman of the State Duma Vyacheslav Volodin
Chairman of the State Duma Vyacheslav Volodin

At the same time, the sanctions imposed by the United States will not have the effect that the United States expects, according to Vyacheslav Volodin Volodin Vyacheslav Victorovich Volodin
Vyacheslav Victorovich
The Chairman of the State Duma of the Federal Assembly of the Russian Federation of the eighth convocation. Elected in single mandate constituency № 163 (Saratov constituency - Saratov Oblast)

“In March 2022, the share of “unfriendly” currencies reached 84.7%. Then it has decreased almost five times — to 17.8%. Payments in rubles, on the contrary, increased 3.5 times, and in friendly currencies almost 15 times,” the Chairman of the State Duma posted on his Telegram channel.

Thus, more than 90% of payments in the Eurasian Economic Union (EAEU) are made in national currencies, and talking about trade between Russia and China, 95% of all transactions are made in rubles and yuan, as recalls Vyacheslav Volodin.

“Restrictions on making payments and theft of gold and foreign exchange reserves should make other states think about the reliability of storing their funds in American currency,” emphasized the Chairman of the State Duma.

“Now all countries have begun to understand that the United States uses its currency as a tool of political pressure,” he added.

“Not only Russia refuses to use the toxic dollar. Many sovereign states, in particular the BRICS countries, are looking for an alternative, The USD has discredited itself as a world reserve currency. De-dollarization of the world is inevitable,” concluded Vyacheslav Volodin.