{"id":58149,"date":"2021-06-04T18:29:12","date_gmt":"2021-06-04T23:29:12","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58149"},"modified":"2021-06-04T18:30:21","modified_gmt":"2021-06-04T23:30:21","slug":"putin-charges-us-with-using-dollar-to-wage-economic-political-war","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58149","title":{"rendered":"Putin Charges US With Using Dollar To Wage “Economic & Political War”"},"content":{"rendered":"
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Putin Charges US With Using Dollar To Wage “Economic & Political War”<\/a><\/h3>\n<\/header>\n
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Yesterday Russia announced the dramatic news at its own ‘Davos-style’ economic forum in St. Petersburg which is running this week\u00a0that it will dump\u00a0the\u00a0US\u00a0dollar\u00a0from its $186 billion National Wealth Fund. As we\u00a0detailed previously<\/a>\u00a0it comes as Washington continues to tighten the sanctions screws on Moscow, blaming it for everything from a series\u00a0corporate cyberattacks that’s appeared to target American infrastructure to election interference to expansionist aims in Ukraine to cracking down on opposition activists.<\/p>\n

On Friday\u00a0President Vladimir Putin hinted further at\u00a0the rationale behind what was obviously a retaliatory and defiant\u00a0we don’t need the US<\/em><\/a>\u00a0strong bit of messaging from Russian Finance Minister Anton Siluanov at the forum – who emphasized the day before, “We can make this change rather quickly, within a month”. Putin followed during his address by charging\u00a0the United States with\u00a0using the dollar as a tool\u00a0to “wage economic and political war” on rival countries<\/strong>.\u00a0Thursday’s prior National Wealth Fund announcement had\u00a0delineated\u00a0it\u00a0will alternately pursue investments in euro, Chinese yuan as well as gold assets.<\/p>\n

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Via Reuters<\/em><\/figcaption><\/figure>\n

Putin in his Friday speech hung a further threat over Washington, saying according to\u00a0Reuters<\/em><\/a>\u00a0that Russia\u00a0“may consider settling transactions for oil and gas in other national currencies and the euro.”\u00a0<\/strong><\/p>\n

And further, “Putin said it would be\u00a0a serious blow to the US dollar if Russia’s oil companies stopped using the currency<\/strong>, but that Moscow did not want to do that.” Here’s more of his comments addressing this\u00a0future provocative last-ditch scenario<\/a>:<\/p>\n

Putin also said European nations should pay for Russian gas in euros, as Moscow pursues its de-dollarization efforts amid US sanctions.<\/em><\/p>\n

“The euro is completely acceptable for us in terms of gas payments. This can be done, of course, and probably should be done,”<\/strong>\u00a0he said.<\/em><\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Putin Charges US With Using Dollar To Wage “Economic & Political War” Yesterday Russia announced the dramatic news at its own ‘Davos-style’ economic forum in St. Petersburg which is running this week\u00a0that it will dump\u00a0the\u00a0US\u00a0dollar\u00a0from its $186 billion National Wealth Fund. As we\u00a0detailed previously\u00a0it comes as Washington continues to tighten the sanctions screws on Moscow, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[694,827,839,857,862,4318],"class_list":["post-58149","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-russia","tag-united-states","tag-us-dollar","tag-vladimir-putin","tag-war","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58149"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58149\/revisions"}],"predecessor-version":[{"id":58150,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58149\/revisions\/58150"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}