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Crimean Crisis: Russia Threatens to Abandon US Dollar And Dump American Debt

PIC: Don Allesandro (CC)

PIC: Don Allesandro (CC)

The Russian administration says that it will have no choice but to respond if the United States imposes economic sanctions over the ongoing Crimean crisis.

Via Information Liberation:

The Obama administration and the hotheads in Congress are threatening to hit Russia with “economic sanctions” for moving troops into Crimea. Yes, those sanctions would sting a little bit, but what our politicians should be made aware of is the fact that Russian officials are promising “to respond” if economic sanctions are imposed on them. As you will read about below, one top Kremlin adviser is even suggesting that Russia could abandon the U.S. dollar and start dumping U.S. debt. In addition, he is also suggesting that if sanctions are imposed that Russian companies would not repay the debts that they owe U.S. banks. Needless to say, Russia could do far more economic damage to the United States than the United States could do to Russia.

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