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Caucasus/Russia/Central Asia
Russia needs the dollar, says Putin
2021-06-07
Direct Translation of the article
[REGNUM] Russian President Vladimir Putin said that Russia does not intend to completely abandon the US dollar as the world's reserve currency or universal means of payment. The Russian leader said this in an interview with the heads of world news agencies at the St. Petersburg International Economic Forum.

“If you heard something that I’m saying something about the dollar and understood that we want to get rid of it as a reserve currency or as a universal means of payment, this is not the case, ” Vladimir Putin said.

The Russian leader explained that he was talking about the use of the US dollar by the US authorities as various kinds of sanctions. For example, Russia cannot make dollar payments with its partners in the field of military-technical cooperation, since American sanctions have been imposed on this.

That is why Russia is forced to switch to settlements in other currencies, and not at all because it wants to.

“They are forcing us to do this, our American partners. We do not deliberately leave, we have to do it, ”Putin explained.

Russian financial relations with partners outside the dollar zone are forced to develop.

Putin stressed that by such actions, the US authorities harm themselves, since the whole world sees that settlements in dollars are unreliable. Therefore, the volume of settlements in dollars on a global scale is decreasing.

Posted by:badanov

#1  Print them. We are.
Posted by: Deacon Blues   2021-06-07 18:21  

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