Oreshkin pointed to the loss of the role of G7 currencies due to attempts to influence Russia with sanctions.

The attempt of the G7 countries to influence Russia through financial sanctions led to the loss of the role of their currencies in international settlements of the Russian Federation. This was announced on January 30 by Maxim Oreshkin, Deputy head of the presidential Administration.

"By imposing sanctions, the G7 countries tried to make international trade impossible for Russia and damage the Russian economy. But all they have achieved is a serious increase in the share of national currencies in settlements. <...> In 2025, we see a figure of 85% of all transactions carried out by Russia, which will be carried out without using the currencies of the G7 countries," he said.

Oreshkin added that the share of G7 economies in the global economy will tend to decrease to 10% in the coming decades, reflecting irreversible changes in the global balance of power.

According to him, the West's attempts to maintain leadership only accelerate these processes, leading to the strengthening of the positions of alternative currencies and economic associations such as BRICS.

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On January 20, Reuters reported that financial markets reacted sharply to renewed concerns about a potential trade war between the United States and the European Union (EU), which intensified amid the dispute over Greenland. Against this background, investors began to withdraw from risky assets.

The dollar index, which reflects the exchange rate of the US currency against a basket of major world currencies, decreased by 0.9%. European stock markets also recorded a significant drop: the German DAX index and the Italian FTSE MIB each lost 1.3%.

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