Kremlin spokesperson Dmitry Peskov has condemned US threats against Russia's trade partners as illegal. He argues that Washington's use of the dollar as a weapon is inadvertently driving the world toward national currencies.
- Russia labels US sanctions on its trade partners as 'illegal, unfair, and unacceptable'.
- Dmitry Peskov claims the US is destroying global trust in the US dollar.
- Russia asserts that its shift to national currencies is a matter of economic necessity, not a strategic war on the dollar.
Ahead of the high-stakes BRICS summit in New Delhi, the Kremlin has issued a stern warning to Washington. Kremlin spokesperson Dmitry Peskov characterized recent US attempts to tighten economic sanctions on Russia and its allies as an illegal interference in international trade, asserting that the US has no right to punish third parties for maintaining diplomatic and economic ties with Moscow.
The tension escalates following the US Senate's passage of the 'Lindsey Graham Sanctioning Russia and Iran Act of 2026'. This legislation empowers President Donald Trump to impose tariffs of up to 100% on major importers of Russian crude oil and natural gas. This move creates a precarious situation for nations like India, which have significantly increased their energy imports from Russia to ensure domestic energy security.
Why This Matters
BozokMedia analysis shows that this friction represents a fundamental shift in the global financial architecture. By weaponizing the SWIFT system and the dollar, the US is inadvertently accelerating the creation of parallel financial ecosystems. While the US intends to isolate Russia, it may be providing the ultimate catalyst for the BRICS nations to formalize a non-dollar trade regime.
Peskov clarified that Russia's move toward national currencies was a forced response after being stripped of its right to use the dollar and euro. He argued that the US is essentially campaigning against the dollar's status as a reserve currency by making it a tool for coercion.
"America is ruining trust in the US dollar, and the more trust is ruined, the more trust goes in favor of national currencies."
Addressing claims that BRICS is an "attack on the dollar," Peskov insisted that the bloc is not against any specific nation but is focused on the national interests of its participants. He emphasized that Russia is simply doing what best corresponds with its own survival and economic sovereignty.
| Feature | US Perspective | Russian Perspective |
|---|---|---|
| Currency Use | Tool for Global Security | Geopolitical Weapon |
| BRICS Goal | Challenge to US Hegemony | Mutual National Interest |
| Sanctions | Legal Enforcement | Illegal Interference |
Frequently Asked Questions
1. Is Russia actively pursuing a policy of de-dollarisation?
According to Dmitry Peskov, Russia is not pursuing a formal 'de-dollarisation' policy but is adopting national currencies out of necessity due to sanctions.
2. How does the new US legislation affect global oil trade?
The Act allows the US to impose massive tariffs on countries buying Russian oil, potentially forcing nations to choose between US market access and cheaper Russian energy.
