Vladimir Putin: “It’s Not Us Leaving The Dollar, It’s The Dollar That Leaves Us”

“Those who make such decisions do not shoot themselves in the foot, but higher,” Vladimir Putin told a Moscow investment forum, referring to those who take out US currencies from Russia.

If Russia does without the dollar for part of its international transactions, it does not set the goal of giving up the US currency: this was explained on November 28 Vladimir Putin at the World Investment Forum in Moscow.

Vladimir Putin: "It's not us leaving the dollar, it's the dollar that leaves us"© Maxim Shemetov Source: Reuters Vladimir Putin in Moscow on November 28, 2018.

The Russian president called on the United States to abandon its policy of unilateral sanctions and seek common ground. Vladimir Putin pointed out that the sanctions against Russia hurt Europe and resulted in the loss of 400,000 jobs in the EU.

Serene, the Russian head of state also testified that the Russian economy had already adapted to the difficulties. For him, investors have no doubt about its stability: “Our GDP growth is 1.5%, which does not seem much, but investments in fixed capital are higher than GDP growth of 4, 1%. This means that investors are certain of the future, that they understand the policies implemented by the financial authorities in Russia. “

For Vladimir Putin, the dollar’s policy also pushes many countries to find “alternative reserve currencies” to “create payment systems independent of the dollar.”

In the same vein, Heiko Mass, German Foreign Minister since March 2018, proposed August 22 to build a financial system independent of the United States and the dollar . “It is essential that we strengthen European autonomy by establishing payment channels independent of the United States, a European Monetary Fund and an independent SWIFT payment system,” he argued.

Written by How Africa

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