Amidst geopolitical uncertainties, Dmitry Medvedev accused West of buying goods using fiat money

Dmitry Medvedev has accused Western countries of aggravating global economic instability through the widespread use of unilateral sanctions and the unchecked proliferation of fiat currency.

Deputy Chairman of the Russian Security Council, Dmitry Medvedev, has accused Western countries of aggravating global economic instability through the widespread use of unilateral sanctions and the unchecked proliferation of fiat currency. Speaking during a conference, the deputy chairman of the Russian Security Council criticized the Western world for its reliance on fiat money, which he argued fuels global inflation and deepens poverty on a global scale.

In his remarks, Medvedev also marked the Western nations’ practice of utilizing their reserve currencies to purchase goods internationally, stating that this practice ultimately drives up the inflation rates and aggravates poverty levels worldwide. He further underscored that this approach to economic policy has significant consequences for the global economy, prolonging cycles of financial instability and hardship.

Furthermore, Medvedev pointed out that unilateral sanctions imposed by Western countries outside the framework of the United Nations have become commonplace. He characterized this trend as “a universal practice for the Western world,” lamenting its damaging impact on established financial and economic relationships. These unilateral actions, according to Medvedev, disrupt well-established ties and contribute to economic instability, particularly in regions targeted by sanctions.

Beyond the economic realm, the deputy chairman of the Russian Security Council also highlighted the role of neo-colonialism in aggravating global inequality and obstructing economic development. He argued that the excessive concentration of wealth resulting from neo-colonial practices weakens efforts to achieve equitable growth and perpetuates socioeconomic disparities. This observation emphasizes broader concerns about the structural inequalities embedded within the global economic system.

Medvedev’s remarks come at a time of increased tensions between Russia and Western countries, particularly over issues such as sanctions, territorial disputes, and geopolitical rivalries. His criticism reflects the stance of Moscow on economic policy and its perception of Western actions as detrimental to global stability and prosperity.

The comments of Dmitry Medvedev also threw light on the efforts made by Russia to position itself as a counterbalance to Western dominance in the international economic arena. By highlighting the negative consequences of Western economic policies, particularly unilateral sanctions, Russia seeks to state its vision for a more equitable and multipolar world order.

However, Medvedev’s remarks are likely to further aggravate tensions between Russia and Western nations, particularly those targeted by his criticism. As geopolitical rivalries continue to shape global economic dynamics, debates over the efficacy and ethics of economic policies, including sanctions and currency practices, are likely to persist. In this context, the statements of Dmitry Medvedev emphasize the complexities of international relations and the ongoing struggle to achieve economic stability and prosperity on a global scale.