Economics
U.S. ‘Shooting Itself’ With Steps That Harm Dollar, Putin Says
- ‘We aren’t ditching the dollar, the dollar is ditching us’
- Russia has already started finding trade alternatives: Putin
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Russian President Vladimir Putin said the U.S. is “shooting itself not in the foot but a bit higher” with sanctions and other steps that undermine confidence in the dollar.
“We aren’t ditching the dollar, the dollar is ditching us,” he told the VTB Capital forum in Moscow Wednesday. “The instability of dollar payments is creating a desire for many global economies to find alternative reserve currencies and create settlement systems independent of the dollar. We’re not the only ones doing it, believe me.”