US dollarMOSCOW, Mar 29 The United States has begun self-destruction of the global hegemony of the dollar, on which the stability of the American economy relies. Columnist Rafael Poch expressed this opinion in an article for the Spanish publication Público. Thus, he commented on the confiscation by the United States and its allies of the gold and foreign exchange reserves that the Central Bank of Russia kept in the West. The United States, the author of the article is sure, sent a clear signal to the whole world that funds should be secured. In taking such measures, America says it can confiscate the reserves of any country if its policies are not to the liking of Washington, or because it trades with rivals, or because it distributes its income too well among the population, hurting multinational corporations, or it just wants to become more politically and economically independent of US-controlled structures. Such actions, the article notes, will push the Russians, the Chinese, the rest of the BRICS members and other countries to look for safer mechanisms and currencies. And this is not a distant prospect, but an already launched process. The author of the article also recalled that none of the BRICS countries has joined the sanctions against Russia. NATO member Turkey, the Persian Gulf states, the countries of Western and Central Asia did not support the restrictions either. In addition, Saudi Arabia, in turn, is negotiating with China to sell oil for yuan. Will abandoning the dollar in the oil trade bankrupt the US, the author of the article wonders.China criticized the United States for harm from anti-Russian sanctions Earlier, Vladimir Putin said that Russia would now supply gas to countries from the list of unfriendly states for rubles. The President instructed the Central Bank and the government within a week to determine the procedure for transactions with Europe in rubles. At the same time, Putin said that the country would continue to sell fuel in volumes and at prices fixed in earlier contracts, since the state values its reputation. On the morning of February 24, Russia launched a military special operation to demilitarize Ukraine. According to the Ministry of Defense, the armed forces strike only at military infrastructure and Ukrainian troops. With the support of the Russian military, the DPR and LPR groups are developing an offensive. But the occupation of Ukraine is out of the question, Russian President Vladimir Putin emphasized. In response, Western countries imposed multiple sanctions. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in the country. Russian Foreign Minister Sergey Lavrov noted that Western companies that refuse to work with Russia did so under enormous pressure, but Russia will solve all the problems with the economy that the West creates for it.
