Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan
Russian President
Vladimir Putin has discussed the end of the U.S.
dollar dominance, claiming that Russia
has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting global trends that could lead to
the end of the U.S. dollar.
The Russian president proceeded to discuss the U.S. government
weaponizing the dollar and the potential consequences of the USD losing its dominance — a matter that has raised concerns
among various individuals, including
Treasury Secretary Janet Yellen. In April, the Treasury Secretary acknowledged the r
isk associated with using financial sanctions tied to the role of the dollar, stating that over time it could undermine the dollar’s hegemony.
