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.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
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
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.