On Monday, Russian Foreign Minister Sergey Lavrov predicted that the West will lose its dominant position in the global economic hierarchy.

According to Russian media, "The revision of risks and threats stemming from such dependence [on the Western leadership] is progressing rapidly. I assure you that we will soon see the West's capacity to steer the global economy shrink drastically."

Many nations, according to Lavrov, grew disillusioned with the West after first viewing the "instruments and mechanisms" at its disposal as encouraging a global balance of interests. For Russia, however, since Russia-US bilateral relations deteriorated Russia has come to distrust the West.  

"We will not be running after the West after it severed almost all ties… We will seek out those who have never let us down and with whom we had to make difficult compromises in the past — but once we agreed on something they never failed us," he said.    

Lavrov contended that the Biden administration was determined to universalize its image of Western liberal democracy, as defined by American political scientist Francis Fukuyama in his 1992 book "The End of History and the Last Man."

"American envoys demand that every country take a tough stance on Russia, join the sanctions and stop dealing with Russian representatives. It is all part of this plan to bring about the end of history by ensuring the final and irreversible dominance of the so-called golden billion," he said.

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