Lavrov: everyone understands how unreliable dollar is

Lavrov: everyone understands how unreliable dollar is

The United States is undermining the status of dollar, Russian Foreign Minister Sergei Lavrov said at an international investment council session.

"We see direct abuse of the U.S. dollar’s status and in the long term this, of course, will have a negative effect on the currency, because everyone understands how unreliable it is", Sputnik cited Lavrov as saying.

The Russian top diplomat added that the U.S. stance has resulted in "billions in economic losses" on the global markets due to the instability of the dollar.

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