Russia is threatening to dump the dollar and switch to their other currencies and their own payment system if the US imposes sanctions because of the Crimea referendum. Everyone knows that if Obama and Lurch Kerry impose any sanctions on Russia they wouldn’t have any teeth and be mostly symbolic.
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| Russia threatens to switch to other currencies if US imposes sanctions |
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The voice of Russia:
Russia can dodge any proposed US sanctions by switching to other currencies and creating its own payment system, Putin’s economic advisor Sergei Glazyev said Tuesday. A senior Kremlin official has denounced Glazyev’s remark on US-Russia economic ties, calling them “a personal opinion” inconsistent with the Kremlin stance.
This comes amid US threats to pile sanctions on Russia over its stand on the Ukrainian coup. US Senate is currently debating possible measures against Moscow.
Senator Christ Murphy, the chairman of the Senate’s Europe subcommittee, said lawmakers were considering such options as imposing sanctions on Russia’s banks and freezing assets of Russian public institutions and private investors.
Sergei Glazyev told reporters today Russia would have to switch to other currencies to curb its dependence on the United States.
“We have wonderful economic and trade relations with our Southern and Eastern partners,” he emphasized. “We will find a way not just to eliminate our dependence on the US but also profit from these sanctions.”