The sanctions imposed by the United States against Russia undermine the credibility of the dollar and hit the United States and the US people. These were the words of Vyacheslav Volodin, the Chairman of the State Duma of the Russian Federation. He also stated that at the present moment we can be talking about the approaching end of the monopoly of the American currency in the world.
«It is no coincidence that the International Monetary Fund warned that sanctions against Russia undermine the credibility of the dollar. Its share in global payments is declining… Anyone who keeps their money in dollars today can no longer be sure that the US will not steal their money. This is the beginning of the end of the US dollar monopoly in the world,» he wrote in his Telegram channel.
Russian President Vladimir Putin’s decision that “unfriendly” countries must pay for gas in Russian rubles as well as the proposal to expand the list of goods to be traded in the Russian currency have caused hysteria in the US Treasury, Volodin added.
«The plan of Washington has failed. The “infernal” sanctions have failed. They planned to collapse our economy and to paralyze the Russian banking system. It didn’t work out,» the State Duma speaker stressed.
And as a supplement. Funny picture from the Russian Internet:
Andrey Margolin, RANEPA Vice-Rector, Director of the Institute of Finance and Sustainable Development, assessed earlier the impact Russia’s gas sales for rubles make on the US economy in his interview to Zvezda TV Channel.
06.04.2022