Russian leader Vladimir Putin said that using the dollar as a sanctions tool was a big mistake for the USA. According to the publication, he did this in St. He stated this at a meeting with the heads of world news agencies on the sidelines of the St. Petersburg International Economic Forum (SPIEF-2024). “News”.
“In my opinion, one of the biggest mistakes of the US administration is that it banned the use of the dollar in international payments and turned it into a kind of tool of struggle. “Complete nonsense, they are shaking confidence in the dollar, this is complete nonsense,” Putin said.
He noted that the United States’ efforts to preserve the dollar as a single currency have, on the contrary, worsened its position in the world. Therefore, according to Putin, Russia is gradually switching to payments in the national currency.
Before reportedHe said the United States is concerned about accelerating inflation and weakening of the dollar. It is stated that in order to solve the problem, legislators have submitted a bill to Congress to eliminate the Federal Reserve System (FRS). It was started by Republican Thomas Massie. The project includes repealing the 1913 act that established the Federal Reserve System, as well as abolishing the board of governors.
Putin before he called it stupid US dollar policy.