President Vladimir Putin has said Russia does not want to stop using the dollar as it accuses the United States of abusing monopoly power and fines and warned that the policy may return to Washington.
Russia has to use alternative payment methods because the U.S. "uses its national currency in various forms," Putin said last Friday in St. Petersburg. Petersburg at a video conference with representatives of international news organizations. "We are not doing this on purpose, we are forced to do it."
The consolidation of national and foreign currencies in areas such as defense trade and the reduction of foreign currency reserves kept in dollars will ultimately hurt the U.S. as the greenback regime declines, Putin said. “Why do U.S. political officials do this? They see the branch where they live, ”he said.
Putin spoke a day after Russia announced it would withdraw the dollar from its oil fund to reduce the risk of retaliation, a major symbolic step as a reversal of capture will take place within the banks of the central bank. Russia has successfully tried to limit the dollar for years amid international sanctions over Putin's 2014 deportation to Crimea and the support of separatists in eastern Ukraine, as well as allegations of cyber attacks, electoral fraud and espionage.
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The Russian leader's comments came ahead of his first summit with US President Joe Biden in Geneva on June 16. While praising Biden as one of the world's most experienced leaders, Putin said he did not expect any tension in the U.S. to break out. In conversations.
He also issued a warning at a meeting on Friday in the U.S., based on what he said was his experience as "a former citizen of the former Soviet Union."
"The problem with states is that they think they can afford to pay for minor mistakes and mistakes," he said. “The time comes when they will no longer be able to face each other. And the U.S., with a step of self-confidence, a move of confidence, a strong step, going straight in the direction of the Soviet Union. ”
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