The United States is making a very big mistake when it uses the dollar as a sanctions instrument. Russia and other countries have to use national currencies for calculations, said Russian President Vladimir Putin.
“In this regard, we can say that the United States is sawing the branch on which they sit, because this is the absolute competitive advantage of the dollar as a universal reserve world currency; Putin stressed in an interview with CNBC.
Speaking about cryptocurrency, the politician noted that it is still very unstable to be used for settlements in energy trading. “Contracts in cryptocurrency? It’s too early to talk about it,” the president added.
At the same time, he noted that the cryptocurrency “has a place for existence”, but so far it is not backed by anything. Cryptocurrency can be used to transfer funds from one location to another. “But to trade, let alone trade in energy resources, in my opinion, is still premature,” the Russian leader summed up.