Kremlin aide says U.S. may face consequences if sanctions imposed

MOSCOW, March 4 Tue Mar 4, 2014 3:06am EST

MOSCOW, March 4 (Reuters) - A Kremlin aide said on Tuesday that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off any loans to U.S. banks.

Sergei Glazyev, an adviser to the Kremlin who is often used by the authorities to stake out a hardline stance but does not make policy, added that if Washington froze the accounts of Russian businesses and individuals, Moscow would recommend that all holders of U.S. treasuries sell them.

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Comments (1)
Honokaa_Chuck wrote:
I suspect Russia’s ally China gives them some confidence in this idea… Personally I hope they try! LOL I for one am not worried with that prospect. China will be the first to betray Russia when they have them at their most vulnerable. Watch and learn is what I say!

Mar 04, 2014 3:36am EST  --  Report as abuse
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