Russian President Putin Deems Weaponization of US Dollar a ‘Serious Error,’ Undermining American Authority
Russian President Vladimir Putin criticizes the United States for weaponizing the dollar, asserting that this move has significantly weakened America’s global influence.
In an interview with independent journalist Tucker Carlson, Putin emphasizes the dollar’s pivotal role in America’s power and expresses concern over the freezing of dollar-denominated assets in response to Russia’s actions in Ukraine. He argues that utilizing the dollar as a political tool is a strategic mistake that undermines American strength. Putin highlights a shift in global attitudes toward the dollar, with allies reducing their dollar reserves and nations exploring alternatives like China’s yuan for oil transactions.
He warns that such actions isolate the United States and jeopardize its economic standing. Notably, in March 2023, China National Offshore Oil Corporation reportedly conducted a significant transaction with the UAE, paying in yuan for liquefied natural gas, indicative of a growing trend away from the dollar.
Clever Robot News Desk 12th February 2024