world

Russian Foreign Minister Sergei Lavrov in his speech at the BRICS Summit on July 6 asserted that the US dollar has been discredited.

As the US has recklessly enforced illegal and unilateral sanctions and abused its dollar as a means of “punishment”, the world economic order has been destroyed and the American currency, which was previously regarded as a reliable means of payment, has been discredited, he said.

He added that the debt situation of the US has got out of control as its state debt has reached a record high of US$37 trillion.