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Using the dollar as a political weapon was a ‘huge strategic mistake’ for the US – Putin

  • February 9, 2024
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Using the dollar “as a tool of struggle in foreign policy is one of the biggest strategic mistakes” of the United States, the Russian president said this Thursday.

Using the dollar “as a tool of struggle in foreign policy is one of the biggest strategic mistakes” of the United States, the Russian president said this Thursday. Vladimir Putin.

In an interview with American far-right star journalist Tucker Carlson, Putin pointed out that the dollar “is the main weapon that the United States uses to maintain its power throughout the world,” but the consequences may be unexpected if they are used to impose sanctions.

“The fact that the US is applying restrictive measures to some countries – many of which are allies of Russia, although they have not said this – such as limiting their transactions, freezing their accounts, etc. causes great concern and sends a signal to the whole world,” he said.

He gave the example that in his country, transactions before the start of the war in Ukraine were 80% carried out in dollars and euros, but this the percentage decreased in favor of the ruble and yuanwhich together is already 68%.

According to Putin, with US sanctions on its economy”They believed that this would lead us to complete collapse., but nothing sank. Moreover, other countries are thinking about this and accelerating their oil payments in (Chinese) yuan.”

The consequences, he said, are not clear, but he noted that the future of world trade is the property of the BRICS countrieswhich, according to Putin, already weigh more than all the G7 countries: “Such trends in global development and the world economy are inevitable, they will continue to occur as the sun rises.”

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And BRICS, he warned,are under threat of complete dominance of the Chinese economy“He said before dwelling on the strength of the Chinese economy in Europe, which is not being felt in the US due to the number of regulations limiting it.

The BRICS group includes countries Brazil, Russia, India, China and South Africa.

(according to information from EFE)

Source: Aristegui Noticias

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