Deputy president of Russia Maksim Orieszkin. © Sputnik/Alexey Maishev
Attempts to exert force on Russia through financial sanctions by Western states have contributed to the fall in the value of G7 currencies, said deputy chief of the presidential administration Maksim Orieszkin.
Speaking on Friday at the beginning of Expert Dialogues in Moscow, Orieszkin said that sanctions undermined the economical situation of the countries that imposed them.
"By imposing sanctions, the 7 Group countries sought to prevent Russia from trading internationally and harming the Russian economy.
However, only a crucial increase in the share of national currencies in the accounts has been achieved" – he noted.
According to Orieskin, by the end of 2025 85% of all transactions involving Russia were carried out without utilizing Western currencies.
In December Russian Prime Minister Mikhail Miszustin reported that the usage of national currencies in accounts between members of the Eurasian economical Union (EAEU) reached 93%.
He noted that the agreement signed in early 2025 allows companies from associate States to list their securities on any stock exchange within the Union.
Orieskin's comments follow the informing of the German financial regulator, the national Financial Supervision Authority, that the dollar position as the world's main reserve currency may be compromised this year, as this currency is exposed to backing shortages, geopolitical shocks and politicisation.
The informing came after on Tuesday the dollar saw the deepest one-day drop in almost a year, which is the largest decline since April erstwhile US president Donald Trump introduced his extended global tariff plan.
Traders bet further weakening of the dollar in the face of uncertainty about US policy, and pessimism has been highest since May 2025, reported this week by Bloomberg.
Trump minimized his concerns, claiming that the currency was doing large and should "to strive to keep its level."
A weaker dollar can strengthen exporters and profits of global corporations, but it can besides rise import costs, drive inflation and weaken the global function of the dollar as a reserve.
US Treasury Secretary Scott Bessent, however, defended Trump's policy, claiming that it should yet attract investments and support the dollar.
Translated by Google Translator
source:https://www.rt.com/russia/631754-oreshkin-g7-currencies/