US Sanctions Against Russia Are “A Colossal Strategic Mistake”, Putin Warns

“As Russia is preparing plans to wean its banking system off the dollar, advancing a trend of de-dollarization among the US’s largest economic and geopolitical rivals, Russian President Vladimir Putin accused Washington of making a “colossal” but “typical” mistake by exploiting the dominance of the dollar by levying economic sanctions against regimes that don’t bow to its whims.”

“It seems to me that our American partners make a colossal strategic mistake,” Putin said.

“This is a typical mistake of any empire,” Putin said, explaining that the US is ignoring the consequences of its actions because its economy is strong and the dollar’s hegemonic grasp on global markets remains intact. However “the consequences come sooner or later.”