FROM EIR DAILY ALERT

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Russian President Warns, Washington’s Sanctions Policy Is Undermining the U.S. Dollar

Nov. 28, 2018 (EIRNS)—Speaking at the “Russia Calling! Investment Forum” today, Russian President Vladimir Putin warned the U.S. that it is undermining the role of the U.S. dollar in the world through the misguided sanctions policy. Putin said,

“We are not aiming to abandon the dollar, it’s the dollar that is abandoning us, and those who take these respective [sanctions] decisions are shooting themselves—not even in the foot, but a bit higher—because such instability in dollar calculations fuels the desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar.”

He further declared that assets in dollars even held by the biggest holders are shrinking. “What advice can be offered here?” he asked.

“To abandon this policy and seek common ground. We are ready for that, we want that. I said this more than once. I hope that, if we can talk with the U.S. President in Argentina, we will discuss that too.”