April 2023, according to the press conference by Permanent Representative Vassily Nebenzia dedicated to the beginning of the Russian Presidency of UNSC, speaking for the BRICS Nations, the United States have been place on notice regarding the US Dollar.
The press release, the Russian UN envoy, Vassily Nebenzia, stated in a press conference that the BRICS countries (Brazil, Russia, India, China, and South Africa) are seeking to reconfigure the world order and delink the global economy from the U.S. dollar. Nebenzia reportedly stated that the BRICS countries are increasingly seeking to conduct trade in their own currencies and are exploring the use of digital currencies as an alternative to the U.S. dollar. However, it is important to note that this is a statement from a Russian official and does not necessarily represent the views of all the BRICS countries.
The Problem of Weaponizing The US Dollar;
There is a debate among experts about whether the United States has “weaponized” the U.S. dollar, the BRICS nations argue that it has. The U.S. dollar is the world’s dominant reserve currency and is widely used in international trade and finance. As a result, the United States has significant influence over global financial transactions, and some argue that it has used this influence to advance its foreign policy goals. For example, the U.S. government has imposed economic sanctions on other countries by limiting their access to the U.S. financial system, effectively weaponizing the use of the U.S. dollar. Additionally, the U.S. government has used its control over the dollar to influence global oil prices, which has had significant geopolitical implications. However, others argue that the use of the U.S. dollar in global finance is a natural result of the country’s economic dominance, rather than a deliberate strategy to weaponize the currency.
Could Nebenzia comments lead to World War 3
It is highly unlikely that the United States would start a war with Russia solely based on comments made by the Russian UN envoy regarding the BRICS countries seeking to delink the global economy from the U.S. dollar. Diplomatic tensions between countries are common, and statements by officials do not necessarily translate into military action. While the U.S. government may disagree with the views expressed by the Russian UN envoy, it is more likely that the U.S. would engage in diplomatic efforts to address any concerns and seek to maintain stability in its relationship with Russia. It is important to note that war is a serious matter and typically requires significant escalation of tensions beyond statements made in a press conference.
