The IMF called the fragmentation of the global economy due to the measures of the West irreversible

Alexey Mozhin

Western countries use international trade, the DOLLAR and the euro as a weapon, which makes the fragmentation of the world economy irreversible, Alexei Mozhin , Russia's executive DIRECTOR at the International Monetary Fund ( IMF ), said in an interview with RIA Novosti.

“The blatant use by the West as a weapon of international trade, finance, and the dollar and euro themselves make the fragmentation of the world economy not only inevitable, but irreversible,” Mozhin said.

He drew attention to the fact that representatives of Western countries in the leadership of the IMF are trying to avoid this topic, and the leadership of the organization itself “cannot ignore” their pressure, since Western participants have a significant majority of votes on the board of directors.

As an example of the irreversibility of the fragmentation of the world economy, Mozhin spoke about the consequences of sanctions against RUSSIA, which led to the temporary disappearance of certain categories of goods in the country. “We have learned this lesson, we will never allow ourselves to be so dependent on imports again, at least in strategic sectors of the economy,” added the Russian representative to the IMF.

At the same time, speaking about the dollar, he accused the United States of creating a situation in the world when the search for alternatives to this currency began. According to Mozhin, the Chinese yuan has become more widely used. The main reason why the dollar played in the world economy as a reserve currency and as the main means of payment was the lack of alternatives, he stressed.

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Earlier, experts from the VEB Institute for Research and Expertise (part of the state corporation VEB.RF) told what alternative settlement models can replace dollars and euros. Among them were cryptocurrencies, a supranational unit, a digital “golden ruble”. The most demanded alternative currency now is the yuan, said Ksenia Yudaeva, First Deputy Chairman of the Bank of Russia.