Russia, China can reduce sanctions risks by moving away from US dollar, Sergey Lavrov says
- Russian foreign minister says the nations should work together and strengthen self-reliance in science and technology
- He made the remarks ahead of talks with his counterpart Wang Yi in the southern Chinese city of Guilin
Lavrov called sanctions imposed by the West against China and Russia “unwise”, but said the two nations’ response should be cooperation.
“In addition to strengthening cooperation under the UN framework on the immediate end to unilateral coercive measures, China and Russia should also take the opportunity to enhance their scientific and technological innovation and improve their national strength in response to the sanctions,” Lavrov said, according to state broadcaster CGTN.
“The risks of sanctions should be reduced by strengthening the self-reliance of the science and technology industry, [and] promoting settlement by local and other international currencies that can replace the US dollar so as to gradually move away from the Western-controlled international payment system,” he said.
