MOSCOW, November 28. /TASS/. Moscow is not setting the target of abandoning the dollar, President Vladimir Putin said at the VTB Capital Investment Forum “Russia Calling!” on Wednesday, adding that the US currency is itself losing its assets.

“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 even 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,” he said. 

Putin has called on the United States to abandon the policy of unilateral sanctions and seek common ground.

“What advice can be offered here? To abandon this policy [of unilateral sanctions – TASS] 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 US president in Argentina, we will discuss that too,” Putin said at the “Russia calling!” VTB Capital Investment Forum when asked how relations between Russia and the US could be improved.

Russia’s economy has adjusted to external shocks and offers conditions for the country’s development, he said. 

“I think that currently there is an understanding of the fact that despite all downturns and even simulated challenges, the Russian economy is adjusting to those challenges, feels confident and offers conditions for the own development,” he said.

Current economic growth rates are not sufficient for the dramatic improvement in living standards but measures to speed it up are undertaken, he added. 

“It is obvious that current economic growth rates are not sufficient for the cardinal rise in living standards of our citizens. We speak about it and understand this,” Putin said. “We are building up the whole development program in order to change the situation,” he said.

Oil price

Russia is satisfied with oil price in the $60 per barrel range, Vladimir Putin stated

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