Russia urges China to divest from U.S. dollar, thwart sanctions

Russia urges China to divest from U.S. dollar, thwart sanctions
The governing lifestyle. CCTV video, YouTube

[Ed. – Weird dynamics in play, yet not so weird.  The biggest parasites on U.S. success aren’t actually China or Russia, but the transnationalists who’ve gained levers of power over the Western nations.  Russia and China are eyeing different methods of busting that paradigm.  Their ends are not peaceful or moral, but they are pragmatic, which at least makes them easier to think through.]

Russian Foreign Minister Sergey Lavrov wants China “to move away” from relying on the U.S. dollar for international trade in order to undermine the power of U.S. sanctions.

“We must consolidate our independence,” Lavrov told Chinese state media. “ … We need to move away from using Western-controlled international payment systems.”

Treasury Department sanctions authorities have proven a powerful financial weapon in the hands of U.S. policymakers, who can ban anyone who does business with pariah governments from the U.S. financial system. Lavrov’s proposal to blunt that tool punctuated a trip to China that allowed Moscow and Beijing to signal a united front against Washington after officials in both capitals clashed with President Biden and his national security team.

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“Foreign Minister Lavrov’s remarks are right to the point,” Chinese Foreign Ministry spokeswoman Hua Chunying said Monday. “The more unstable the world is, the more China and Russia need to advance our cooperation.”

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