Russia must ‘barricade’ against itself vs. Dollar says senior diplomat – tech2.org

Russia must ‘barricade’ against itself vs. Dollar says senior diplomat


Russia must take urgent action to reduce its use of the dollar to a minimum as the new US administration of Joe Biden indicates it will increase sanctions, a senior diplomat said.

“We need to barricade ourselves against the US financial and economic system to eliminate dependence on this toxic source of permanent hostile action,” said Deputy Foreign Minister Sergei Ryabkov in an interview on Wednesday in Moscow. “We need to cut the role of the dollar in any operation.”

Russia is bracing for the latest US punitive measures for nerve agent poisoning and the imprisonment of opposition leader Alexey Navalny. In a speech at the Munich security conference last week, Biden said that addressing “Russian recklessness and hacking in computer networks in the U.S and in Europe and the world it has become essential to protect our collective security. “

The United States has imposed more than 90 rounds of sanctions in recent years against banks and state corporations, the oil and gas sector, senior officials and business moguls and is likely to add more restrictive measures, Ryabkov said.

De-dollarization campaign

.

Source link