In case of imposition of the sanctions by the USA, Russia to start using other foreign currencies - Presidential adviser
In the case of imposition of the sanctions by the USA, Russia will be forced to use other foreign currencies, in order to create its own settlement and payment system, declared Sergey Glazyev, Adviser of the President of the Russian Federation, on March 4.
According to him, Russia has the excellent trading relations with partners in the eastern and southern countries, and Russia will find a way not only to reset the financial dependence on the USA, but come out of the sanctions with even great advantage, said S.Glazyev. The attempt to announce sanctions against Russia will lead to the collapse of the US financial system, which will deny domination of the USA in the global financial system, he said.
In addition, possible imposition of the sanctions against the government agencies of Russia will force the country to recognize impossibility of repayment of credits to the US banks.
If the sanctions are applied against the state structures, Russia will be forced to actually recognize the impossibility to return the US credits. Any sanction is a double-edged weapon, and if the USA freeze our assets, therefore the liabilities of our organizations in USD will also be frozen, he said.
You should be authorized to post comment
In February, grain exports through the Russian deep-sea ports to exceed 1.1 mln tonnes - Rusagrotrans
February 9, 17:15
On February 9, Russia purchased nearly 10 thsd tonnes of grains to the intervention fund
February 9, 15:20
Russia plans to significantly increase grain supplies to Egypt – Ambassador
February 8, 15:40
In the first week of February, Russia decreased grain export supplies from the seaports
February 8, 14:00
Russia exported nearly 22.5 mln tonnes of grains - Ministry of Agriculture
February 8, 09:35
In 2015, Russia exported over 21 mln tonnes of wheat – Federal Customs Service
February 5, 18:35
FAS Russia is against keeping the export duties on wheat
February 5, 10:50
Leading global operator to invest 2 bln USD in development of the Russian sea ports
February 4, 16:45
Agrarians do not have to pay for worsening of Russian-Turkish relations - Turkish Ministry of Agriculture
February 4, 11:20