Kremlin warns that sanctions will affect the credibility of the dollar and the euro

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In a televised interview, the Russian president’s representative recalled that the West had frozen part of Russia’s foreign currency reserves to punish Moscow for its military campaign in Ukraine, which would “accelerate the process of international foreign exchange reserves erosion”.

“It represents an erosion of confidence in the dollar and the euro, which has always been the backbone of all international accounts,” Dmitry Peskov said.

According to Pesco, “most countries are skeptical about the credibility of the dollar and the euro and tend to consider tariff variations in terms of national currencies”.

“It’s an unstoppable process and it will only grow,” he said.

The Kremlin’s spokesman pointed out that Russian President Vladimir Putin has decided to order the sale of gas in rubles to countries that have imposed sanctions on Russia, not to punish anyone, but to prevent the re-freezing of Russian gas sales. .

“Russia is…

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