Putin Says Russia Never Rejected the Dollar, but Was Denied Its Use

President Vladimir Putin stated that Russia has never rejected the U.S. dollar but was denied the ability to use it, speaking at the 15th VTB Russia Calling! Investment Forum. He emphasized that while Russia did not abandon the dollar, external actions led to its restricted use, which has now created broader issues for the dollar itself.

Putin argued that the global economic challenges facing the U.S. currency stem from “overconfidence” and “false pride.” He stressed the importance of understanding global economic shifts and adjusting Russia’s policy accordingly, particularly in the international arena. The comments come as Russia looks to recalibrate its economic strategy amid ongoing geopolitical tensions.