Putin: The US Made a Huge Mistake in Weaponizing the Dollar Against Russia (VIDEO)
NOVANEWS
Putin just dumped all of Russia's $100 billion US bonds. Claims Moscow isn't "abandoning the dollar", but says using currency for political purposes will come back to haunt the US, as he notes yuan's march to reserve status will only accelerate when Beijing allows it to float freely
Tyler Durden
After the liquidation of its US Treasury holdings, surging gold reserves, and switching to a non-SWIFT payment system, Russian President Putin attempted to quell general concerns noting that “Russia isn’t abandoning the dollar."
In a press conference this morning, the Russian president said his country doesn’t plan to abandon holding reserves in U.S. dollars though he said that the risk of sanctions is prompting Russia to diversify its foreign currency assets.
“Russia isn’t aband...