Economy / FinanceRussia

Putin threatens to Banish the U.S. Dollar from Payment Systems

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As the United States decides to launch a sanctions offensive against the Russian regime, Moscow has gone on the counter-offensive in a forceful manner. The Kremlin has decided to cancel all dollar-denominated investments in the National Wealth Fund, which supports the national pension system. Not only that, the all-powerful Russian president, Vladimir Putin, has threatened to start paying for all oil and gas purchases in the currencies of the selling countries and stop using the dollar. The Russians announced at the SPIEF in St Petersburg that they are eliminating the dollar from their $186 billion wealth fund. The fund’s managers will…

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