The president’s ruble payment plan Wladimir Putin for him natural gas It’s the prototype that the world’s largest country will expand to other major exports because the West has determined the U.S. dollar’s fall by freezing Russian assets, the Kremlin said.
The Russian economy is facing the worst crisis since the collapse of the The Soviet Union 1991, after United States and his allies imposed crippling sanctions because of the invasion of Ukraine by Putin on February 24
Putin’s most important economic response so far has been the March 23 decree that the export of gasoline in Russian are paid in rubles, although the plan allows buyers to pay in the contracted currency, which is then exchanged for rubles by Gazprombank.
“It is the prototype of the system,” said the Kremlin spokesman. Dmitry Peskovto the Russian state television channel one about the system of payment in rubles for gas.
“I have no doubt that it will be extended to new categories,” said Peskov. He did not set a deadline for this action.
Peskov called the West’s decision to freeze $300 billion in central bank reserves a “theft” that would have already hastened the move away from central bank dependency American dollar and the euro as currencies of world reserve.
The Kremlin, he said, wants a new system that will replace the contours of the financial architecture Bretton Woods Founded in 1944 by the western powers.
“It is obvious that, although it is still a long way off at the moment, we will come to a new system that is different from the Bretton Woods system,” said Peskov.
Western sanctions against Russia, he said, have “accelerated the erosion of confidence in the dollar and euro.”
Putin said the “special military operation” in Ukraine was necessary because it was used by the United States to threaten Russia and because Moscow needed to defend itself against the persecution of Russian speakers in Ukraine.
Ukraine has denied Putin’s persecution allegations and says it is defending itself against unprovoked aggression.
Russian officials have repeatedly said that the West’s attempt to isolate one of the world’s largest producers natural resources in the world is an irrational act that will increase and cause prices for consumers Europe and United States go into a recession.
Russia has long sought to reduce its dependence on the US currency, even though its main exports – oil, gas and metals – are traded in dollars on world markets. The dollar is by far the world’s most traded currency, followed by the euro, the yen and the pound sterling.