Russian Foreign Minister Sergey Lavrov has stated that the shift to settlements in national currencies and digital currencies cannot be stopped and will likely affect traditional financial institutions such as the IMF and the World Bank. Lavrov criticized the current role of the IMF, calling it a "tool" used by the US and its allies to achieve their goals, including military ones. He assigned responsibility for the market shift away from the US dollar to the US government, citing the recent wide-ranging package of sanctions on the Russian Federation. The potential effect of US sanctions on the dollar's hegemony was recently acknowledged by US Treasury Secretary Janet Yellen. (Bitcoin.com)
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