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Kremlin aide says U.S. may face consequences if sanctions imposed

Source: Reuters - Tue, 4 Mar 2014 08:06 GMT
Author: Reuters
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MOSCOW, March 4 (Reuters) - A Kremlin aide said on Tuesday that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off any loans to U.S. banks.

Sergei Glazyev, an adviser to the Kremlin who is often used by the authorities to stake out a hardline stance but does not make policy, added that if Washington froze the accounts of Russian businesses and individuals, Moscow would recommend that all holders of U.S. treasuries sell them.

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