Russian Foreign Minister Sergey Lavrov has said that the US currency has become a "weapon for suppressing and punishing geopolitical competitors."

Lavrov stated on Monday that the West has written a "death warrant" for the US dollar by using it as a weapon against its competitors.

Lavrov said in a speech at the annual science fiction conference in Moscow that “The dollar … has been turned into a weapon for suppressing and punishing geopolitical competitors, and simply those who are disobedient. Thus, in essence, they (the West) have written a death warrant for the dollar as a global reserve currency and a means of international settlements."

The foreign minister accused the United States and its allies of undermining globalization, which they had "nurtured and advertised to the entire world," claiming that numerous ideals, including fair competition and the inviolability of property, had been lost "overnight" in the West.

Eurasian continent must decide its own fate

Lavrov further stated that Russia is not cutting itself off from discussion with the West, but rather has taken conclusions from how it "suddenly abandoned their promises and commitments," as well as agreements with Moscow. further declaring that countries on the Eurasian continent must define their own fate without outside influence, and address their problems in a way that helps the creation of a multipolar world.

If, he explained, Western nations "mature enough" to reestablish relationships based on "mutual respect and a fair balance of interests," then Russia's national interests will determine the response and "not on the desires that we periodically hear from Western capitals."

He further stated that while intergovernmental negotiations on the norms of state cohabitation in a multipolar world are progressing slowly, Moscow would continue to discuss this issue at multilateral forums, including the next G-20 conference in Rio de Janeiro later this month.

'We must set goals for ourselves that are ahead of time': Putin

Earlier Today, President Vladimir Putin extended a message of ambition and self-determination to attendees of the Inventing the Future symposium, which began Monday at the Russia National Center in Moscow.

Gathering experts from over 100 countries, the three-day event is intended as a forum for exploring humanity's future, emerging technologies, and the evolving multipolar world order.

In his address, posted on the Kremlin's website, Putin stressed the importance of setting forward-looking goals, encouraging participants to envision strategic breakthroughs and think beyond immediate challenges.

"Despite the challenges we are facing today, we must set goals for ourselves that are ahead of time," Putin stated, calling for a "sovereign worldview" grounded in Russian national values, culture, and history.

Putin highlighted Russia's legacy in scientific and technological achievements, from pioneering space exploration to advancing nuclear energy.

He expressed confidence in Russia's capability to continue this legacy, driven by moral and patriotic ideals.

"They created a great power, opened the way to the stars for humanity," Putin said, adding that this creative spirit remains essential to shaping the country's future.