IMF Russia Executive Director: The West uses trade and the US dollar as weapons to cause world economic division | International Trade | Trade
On June 26th, according to a report by the Russian satellite news agency, Alexei Morin, Executive Director of Russia at the International Monetary Fund, stated that the West's use of international trade and the US dollar as weapons has caused inevitable division in the world economy.
Mo Ren said, "Western countries openly use international trade, finance, as well as the US dollar and euro as weapons, making the division of the world economy not only inevitable but also irreversible."
He pointed out that representatives of Western countries in the International Monetary Fund are working hard to avoid this issue, but the leadership of the International Monetary Fund cannot ignore the pressure exerted by Western countries on it.
Mo Ren mentioned that the consequences of Western sanctions against Russia are an example of the division of the world economy.
According to previous reports, IMF President Georgieva pointed out in November 2022 that once the world is divided into two completely different groups, world GDP will shrink by 1.5%, resulting in losses of approximately $1.5 trillion and bringing about poverty, hunger, and social unrest.
The theme of the 2023 World Economic Forum annual meeting is "Strengthening Cooperation in a Divided World." UN Secretary General Guterres stated in a speech during the forum, "We need cooperation, but we face division."
During the May G7 Hiroshima Summit, Guterres called on the G7 not to divide the world. He pointed out, "It is very important to avoid dividing the world into two and to build bridges for negotiations."