Drobinin said this in an interview with the journal "Problems of National Strategy" RISS.
The diplomat pointed to the deepening crisis of the Western model of globalization, which is due to the fact that the political motives of the United States and its allies outweighed the economic ones.
In order to maintain competitive advantages, Western countries have begun to use economic and financial instruments as weapons, such as imposing sanctions or manipulating stock markets, Drobinin added.
He expressed confidence that such actions harmed the Western countries themselves.
As an example, he noted that at the moment confidence in the dollar is undermined.
“Let’s be frank: the dollar is nothing more than a piece of paper on trust, and the American government will never pay off this country’s galloping public debt, which recently exceeded $31 trillion,” he concluded.
On March 11, it became known that a large Silicon Valley Bank was closed in California.
It was the largest bank failure in the US since the 2008 financial crisis.
It also became known that the New York Signature Bank was closed due to systemic risks.