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Friday, March 23, 2018

The Federation Council urged not to rush with the announced refusal of Russia from the dollar

Deputy Chairman of the Federation Council on economic policy Valery Vasiliev urged not to rush to abandon the dollar as settlement currency, as previously stated in the Ministry of foreign Affairs.

photo: Natalia Muslinkina

In an interview with RIA Novosti, the Senator said that to reduce the country’s dependence on the dollar you need, but hurry in this direction, “will bring more costs than dividends”.

The spokesman added that the best time for a gradual abandonment of the dollar will be a period of economic growth in the country. In his opinion, in this direction we need to follow the example of China.

“In this case, the attitude of the world against the ruble as a future global reserve currency will be fundamentally different,” – he stressed.

We will remind, earlier the Russian foreign Ministry said that in response to the strengthening of anti-Russian sanctions from the United States will begin the process of gradual abandonment of the dollar as the settlement currency.

As stressed by the Deputy Minister of foreign Affairs of Russia Sergey Ryabkov, in the current environment it has become a necessity, as the country’s time to come off the “hook Americans.”

Read the details in our material

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