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BTCC / BTCC Square / Global Cryptocurrency /
Russia Blames Biden for US Dollar’s Decline, Highlights Global Financial Shift

Russia Blames Biden for US Dollar’s Decline, Highlights Global Financial Shift

Author:
Global Cryptocurrency
Published:
2025-07-10 11:55:01
16
3
BTCCSquare news:

Russia's Foreign Ministry has directly attributed the erosion of the US dollar's global dominance to policies enacted under President Joe Biden. Maria Zakharova, the ministry's spokeswoman, accused the Biden administration of isolating developing economies through aggressive sanctions and financial exclusion, prompting a broad MOVE away from dollar-denominated systems.

The shift gained momentum during Donald Trump's presidency, with trade wars and tariffs further alienating emerging markets. Zakharova cited Biden's 2022 sanctions on Russia as a tipping point, accelerating de-dollarization efforts worldwide. "There is no turning back," she declared, framing the trend as irreversible.

|Square

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