European intelligence: Kremlin aims to weaken the dollar and undermine the global financial system
Putin's dream is to create a new world order without US dominance
Over the past two years, the Kremlin has held several meetings to discuss ways to undermine the dollar's influence as the world's reserve currency.
Source. The Washington Post writes about this with reference to European intelligence, which has obtained documents from the Russian Security Council.
The ultimate goal, according to one of the documents, is to destroy the global financial system created after World War II and the power it gives Washington.
"One of the most important tasks is to create a new world order," the document, dated April 3, 2023, says. "Western countries, led by the United States, are trying to impose their own structure based on their dominance.
Another document refers to the need to expand cooperation between China and Russia in the field of artificial intelligence, cyber systems, and the Internet of Things.
The document was written by Security Council Secretary Nikolai Patrushev. It proposes the creation by Beijing and Moscow of a new financial system and a Eurasian digital currency based on alternative payment systems such as blockchain. The stated goal is to circumvent Western dominance in global financial transactions.
Kremlin spokesman Dmitry Peskov told The Washington Post that Russia "seeks to undermine U.S. dominance in the global financial system," but admitted that its goal is to create alternatives.
According to Peskov, the actions of the "collective West" undermine trust without any help from Moscow. The Kremlin is "closely monitoring the situation and creating a new system of economic neurons, because the previous system proved to be unreliable, false and dangerous," Peskov said.
According to Moscow, the US support for Israel's invasion of Gaza has undermined Washington's credibility in many countries around the world. The combination of events has led to a surge of optimism about Russia's global position, WP writes.
Officials in Moscow point to increased trade with China, military cooperation with Iran, diplomatic work in the Arab world, and the expansion of the BRICS group, which includes Brazil, Russia, India, China and South Africa, to include Iran, Saudi Arabia, the UAE, Egypt and Ethiopia.
The expansion of the BRICS demonstrated the group's "growing authority and role in world affairs," and its work will focus on "sovereign equality," Russian dictator Putin said in a statement on January 1, when Russia assumed the group's presidency.
Russian billionaires such as Oleg Deripaska, who initially publicly opposed the war in Ukraine, saying it would lead to an economic crisis in Russia, now describe Russia's break with the West as a catalyst for changing global economic models, WP notes.
"Alternative payment systems and debt markets will be created: in China, based on the yuan, and in India and the Middle East, based on cryptocurrencies," Deripaska wrote on Telegram on January 20. "In a few years, sanctions will cease to be a brake on global trade and investment.
Background. As reported, Saudi Arabia has officially joined the BRICS bloc. Egypt, Ethiopia, Iran, and the UAE are expected to join the BRICS.
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