Back off Benjamin: Russia must ditch ‘poisonous’ US dollar says country’s Foreign Ministry as Moscow moves toward Chinese currency ...News

Moscow must act urgently to cut its reliance on American financial systems, including the use of the dollar, one of the country’s top diplomats has said, pointing to a wave of sanctions from Washington against the Russian economy. Deputy Foreign Minister Sergey Ryabkov told the Bloomberg business news network that it was essential to preempt hostile confrontation with new President Joe Biden. “We need to barricade ourselves against the US financial and economic system to eliminate dependence on this toxic source of permanent hostile actions,” he said. “We need to cut back the role of the dollar in any operations.”

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