Framing it as a consequence of American economic pressure tactics, Russian Foreign Ministry spokeswoman Maria Zakharova alleged that Biden’s administration deliberately isolated nations from U.S.-based financial systems, including the one that excluded Russia from global payment networks. She claimed in a briefing on July 9 that this approach backfired, pushing countries to seek non-dollar-based alternatives. Zakharova said the dollar’s weakening status is “the direct accomplishment” of Biden’s leadership, not a spontaneous global shift. Dismissing rumors of BRICS eliminating the dollar entirely, she clarified that discussions focus on financial inclusivity, not currency replacement. Arguing that the dollar no longer holds an unchallenged reserve status, she backed a multi-currency system that ensures fair access to legal trade settlements.

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