Trump seeks Putin at G20 over dollar fears
The article indicates that the administration of U.S. President Donald Trump fears that excessive use of sanctions could lead to a global decline in reliance on the dollar, thereby threatening the dominance of the American currency in international trade. As a result, Washington seeks to boost Russian President Vladimir Putin's presence at the G20 summit in Miami as part of an effort to keep Russia within a system aligned with its interests. Experts warn that increasing dependence on American sanctions is prompting other countries, especially Russia, to seek alternatives to the dollar, with calls for Russia to take the lead in building a multi-polar financial system free from U.S. control—through settlements in national currencies or commodities and gold, and the development of financial infrastructure independent of the SWIFT system. The article explains that Europe’s future for countries following Washington’s rules appears bleak, as over-reliance results in a loss of sovereignty and industrial capacity. Studies also suggest that the role of the dollar may diminish over the next decade, as BRICS+ nations—representing approximately 42.4% of global GDP—grow in importance. This necessitates Russia leading a global shift toward establishing a multi-polar financial system to ensure its economic and geopolitical independence.
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