The Kremlin warns that sanctions threaten the credibility of the dollar and the euro

The representative of the Russian presidency, in a television interview, recalled that the West froze part of Russia’s foreign exchange reserves, to punish Moscow for its military campaign in Ukraine, which “accelerates the process of erosion of international foreign exchange reserves.”

“This implies an erosion of confidence in the dollar and the euro, which have long been a kind of backbone of all international accounts,” said Dmitry Peskov.

According to Peskov, “more and more countries, having doubts about the reliability of the dollar and the euro, tend to think about payment variants on the basis of national currencies.”

“This is an unstoppable process and it will only grow,” he said.

The representative of the Kremlin noted that Russian President Vladimir Putin made a decision ordering the sale of gas in rubles to countries that have imposed sanctions on Russia, not to punish anyone, but to prevent the money from the sale of Russian gas from being frozen again. .

Russia does not threaten anyone. Russia has never threatened anyone. But under the conditions of a hostile environment and under the conditions of hostilities directed against us, we are obligated to reduce these risks,” he said.

“This dance of sanctions comes at the expense of the Europeans themselves,” said the Russian presidential spokesman.

“It is at least illogical and unwise to start from some ephemeral political interest and step on the throat of your economy,” he said, noting at the time that in any case, Russia “trusts the common sense of our counterpart, the gas buyer.”

He noted, however, that there is currently “a kind of insanity of sanctions. The heaviest burden of sanctions in history now falls on Russia.”

Peskov said that several years ago no one would have imagined that it would be possible to impose sanctions on a head of state and that those imposed on Russian President Vladimir Putin “are close to irrational.”

“After imposing sanctions on our president, it is already clear that they can do anything stupid,” he said.

And, despite everything, he expressed confidence that sooner or later Russia will establish a “dialogue” with the European Union, “regardless of what anyone on the other side of the ocean wants or does not want.”