Russian Federation says dollar's days numbered as global trade currency

Russian Federation says dollar's days numbered as global trade currency

Lavrov, speaking at a news conference with his Turkish counterpart, said over time the role of the USA dollar as the currency of global trade will decline.

Turkish state-run Anadolu Agency reported Lavrov will attend the 10th Ambassadors Conference from August 12-17 in Ankara and Konya.

Russia backs using national currencies, not the USA dollar, in its trade with Turkey, Russian Foreign Minister Sergei Lavrov said on Tuesday, but he made no firm commitments that would immediately help Ankara to weather its currency crisis.

"Despite everything, we are open to discussing everything as an equal partner in order to resolve all existing problems, but on one condition: There will be no threatening language". "Interest in solving numerous problems, shared by Russian Federation and Turkey, rests upon such principles", Lavrov said.

He did not though make any commitments for Russian Federation to drop the dollar in trade with Turkey, whose lira currency has plummeted.

For his part, Lavrov said that the US' "unlawful and illegitimate" sanctions policy can not last for long.

Lavrov said Russian Federation and Turkey would continue talks for the full implementation of Astana deal which envisages de-escalation zones in Syria, including in Idlib.

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"We won't probably see any direct linkage with the Syrian crisis in the statements made by the USA side when it declares sanctions against our countries (Russia, Iran and Turkey)", he said.

Lavrov said there have been intensified attacks in Idlib by an Al-Qaeda affiliate.

Turkish Foreign Minister Mevlut Cavusoglu warned that U.S. sanctions could be imposed against any country at any time.

The minister's statement comes as ties between Ankara and Brussels are in a normalization process especially after the latter's support to Turkey in its economic row with the United States.

Cavusoglu, for his part, said that terrorist groups that had arrived in Idlib from Aleppo and Eastern Ghouta were operating and urged their elimination, warning, however, against a complete bombing of the de-escalation zone. We should have a common strategy with Russian Federation and other powers, identify and eliminate terrorists. We can not guarantee that it is suitable for the visually or hearing impaired. We should separate radicals and civilians.

"I am confident that the grave abuse of the role of the United States dollar as a global reserve currency will result over time in the weakening and demise of its role", Lavrov said, echoing statements made by President Vladimir Putin.

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