Putin: America will regret it if it uses the dollar as a weapon for sanctions

Putin: American threats are the same as the fatal mistakes of the former Soviet Union.

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Russian President Vladimir Putin has said his country does not want to stop using the dollar, while accusing the United States of using the currency's dominance to impose sanctions.

And “Bloomberg” news agency quoted Putin as saying, late yesterday, in St. Petersburg, in a video conference with representatives from international media organizations, that Russia should adopt other means of payment, given that the United States “uses its currency.” We are not doing this on purpose, we are compelled to do it.”

Putin added that settlements in national currencies with other countries in areas such as defense sales and the reduction of foreign exchange reserves in dollars would eventually harm the United States, as the dollar's hegemony recedes.

The Russian president said that the United States is mistaken if it thinks it is "strong enough" to avoid threatening other countries, adding that this was a mistake that led to the collapse of the former Soviet Union.

The comments came days before a meeting between him and US President Joe Biden, whose administration in April imposed a raft of sanctions on Russia, including restrictions on dealing in Russian sovereign debt.

Putin was quoted as saying: “We hear threats from Congress, and from others, and they are all issued in the context of the domestic political process in the United States.” That, they think, is no big problem there.” Putin said this behavior made him remember the former Soviet Union.

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