Source: Zero Hedge

 

“With a number of volatile trends in multiple conflict theaters and geopolitical hot spots now coming to a head this week (Ukraine-Russia, China-US, Iran-US, Turkey-Syria-Russia, Saudi Arabia-Europe), and with Presidents Putin and Trump set to meet at the G20 summit in Argentina in just days, Putin has again signaled Russia will move away from the U.S. dollar….He said, according to Bloomberg, ‘We aren’t aiming to ditch the dollar. The dollar is ditching us.’ Making the case that aggressive US punitive measures against its rivals is undermining confidence in the dollar….To underscore that Russia is not alone in moving toward de-dollarization, Putin added, ‘We’re not the only ones doing it, believe me.’….Explaining that Washington sanctions will only result in blowblack, citing ‘400,000 lost jobs’ in Europe, Putin said ‘key trade partners’ were helping Russia on setting up alternate payment systems which would circumvent the SWIFT network.”

 

 

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