Lavrov: Russia will not accept “trading beads” with the West and will turn to national currencies

This came during a meeting between Lavrov with students and professors of the Moscow State Institute of International Relations, where he stressed the need to move away from the mechanisms and currencies that were imposed in the era of globalization according to the Western model.

Pointing out that all promises about a fair economic system were forgotten once the West decided to punish Russia.

Lavrov said: "We are not against the dollar, and we have not abandoned it. Rather, they (the United States) deprived us of it. Do they now expect us to sit down and barter with their beads for what we need? No, that will not happen."

Regarding the currencies that Russia uses in its foreign trade, Lavrov said: “97% of our trade within the BRICS group, the Shanghai Cooperation Organization, the Eurasian Union, and others is carried out in national currencies,” noting that there are multiple options to prevent the use of the dollar as a tool for blackmail and repression.

It is noteworthy that the expression "trade in beads" is used in the historical context as a symbol of Western colonialism, where colonized peoples obtained cheap jewelry in exchange for their natural wealth.