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Friday, March 16, 2018

Moscow in response to sanctions the US has threatened to abandon the dollar

The Russian authorities expect that the confrontation between Moscow and Washington still will not come. While the Russian foreign Ministry said that the latest us sanctions will have “long term consequences”. The foreign Ministry has already hinted that the Kremlin was in response to a blow to the dollar.

photo: Natalia Muslinkina

“Still, I hope to confrontation will not happen, and we will work in that if not to fully normalize, then find ways to minimize the damage from the incident,” – said in an interview with the magazine “international life”, the Deputy Minister of foreign Affairs of Russia Sergey Ryabkov.

The diplomat added that in response to new US sanctions Moscow intends to strengthen the process to reduce dependence on the U.S. payment systems. In addition, the Kremlin intends to abandon the dollar as a settlement currency.

Ryabkov stressed that in this situation it becomes a necessity, because otherwise “we will sit them on the hook”, which seeks Washington, reports RIA Novosti.

We will remind, last week US President Donald trump has signed a law to strengthen the anti-sanctions document was previously almost unanimously supported by the Senate and House of representatives.

On the background of another exacerbation of relations between Moscow demanded to reduce to cut the staff of the us diplomatic mission in Russia to 755 employees and blocked access to the residence of the U.S. Embassy in Serebryany Bor (at the end of last year, Washington has imposed a lien on the property of the Embassy of the Russian Federation).

Monday, August 7, it became known that the US is preparing a response. Read the details in our material

Sanctions . Chronicle of events

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