Russian President Vladimir Putin said that the United States “is sawing the branch on which they sit”, using the dollar as a sanction tool, he said in an interview with the American television channel CNBC, the text of which published press service of the head of state.
The journalist asked why Russia is trying to get away from the dollar in the calculations, and whether this is connected with the desire to mitigate the consequences of American restrictive measures. “Washington is making a very big mistake by using the dollar as a sanctions instrument. They do this because they prevent payments in dollars for sanctioned products, ”Putin said about the destruction of the dollar by US policy. According to him, Russian companies cannot receive money from customers for delivered products in dollars. That is why they need to switch to settlements in other currencies.
Other countries also fear that Washington might use the dollar against them in this way. According to Putin, statistics show that the closest partners and allies of the United States prefer to reduce the share of the dollar in reserves. “The United States is sawing the branch on which it is sitting, because this is the absolute competitive advantage of the dollar as a universal reserve world currency, they undermine it in this way, in the interests of the momentary political situation, damage their strategic economic interests,” Putin added.
Earlier, the president stressed that Russia does not intend to completely abandon the dollar as a reserve currency or a universal means of payment.