Russian President Vladimir Putin delivered pointed remarks on the implications of the U.S.’s using the dollar as an instrument in political conflicts.
In a recent interview with conservative pundit Tucker Carlson, Putin criticized American leadership and the Biden administration for leveraging the dollar “as a tool of foreign policy struggles.”
Ever since Russia attempted to invade Ukraine, strict economic sanctions have been put in place. The goal is intended to block Russian banks from transacting in the dollar, pound and euro thereby limiting the country’s resources for the war effort and shrinking its economy.
“To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes made by the US political leadership,” Putin said. “It is the main weapon used by the United States to preserve its power across the world. As soon as the political leadership decided to use the US dollar as a tool of political struggle, a blow was dealt to this American power. It is a stupid thing to do and a grave mistake.”
See the interview below.
Putin also asserted that the BRICS — a formation comprising Brazil, Russia, India, China, and South Africa (which has been expanded to include countries like Saudi Arabia and Iran) — have progressed towards using alternative currencies for trade.
Despite Putin’s remarks, the greenback
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Author: Julius Mutunkei
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