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Putin: Those pulling dollar out of Russia not just shooting themselves in foot, but a bit higher

Russia is moving away from the US dollar, but not to the detriment of its own interests, Russian President Vladimir Putin said while speaking at the global investment forum in Moscow on Wednesday. The Russian president called on the United States to abandon the policy of unilateral sanctions and seek common ground. “We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective (sanctions) decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar,” Putin said. The Russian economy has adapted to difficulties and is feeling confident; investors have no doubts about its stability, added Putin. “I think, there is an understanding that despite any crises and even artificially-created difficulties, the Russian economy is…

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This post originally appeared on SOTT.net

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