Russia warns could ‘reduce to zero’ economic dependency on US

President Vladimir Putin at meeting with Fyodor Andreev, President of Alrosa diamond mining company, at the Novo-Ogaryovo residence outside Moscow, February 26, 2014 Reuters
President Vladimir Putin at meeting with Fyodor Andreev, President of Alrosa diamond mining company, at the Novo-Ogaryovo residence outside Moscow, February 26, 2014 Reuters

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MOSCOW, March 4 — Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said today, warning that the American financial system faced a “crash” if this happened.

“We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves,” said Kremlin economic aide Sergei Glazyev, saying Russia could stop using dollars for international transactions.

“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system,” he added. — AFP

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