Moscow will use rubles in gas deals with “hostile” countries, the Russian president says
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Russian President Vladimir Putin said on Wednesday that the sanctions have dealt a large blow to public trust in US and EU currencies. Many Western countries imposed sweeping restrictions on Moscow in response to its ongoing military campaign against Ukraine.
“During the last few weeks, as you know, several Western countries adopted unlawful decisions to freeze Russian assets,” Putin said during a government meeting held via video link. “The West has de facto destroyed the credibility of its currencies.”
Putin argued that the sanctions showed it “makes no sense anymore” to sell Russian goods in the US and the EU while receiving payment in dollars or euros. He said that the ruble will be used for the sale of Russian natural gas to “hostile” countries.
The United States and the EU have practically defaulted on their obligations before Russia. Some have suspected this, but now everyone in the world knows that obligations in the [US] dollars and euros can be left unfulfilled.