1/27, 11:23 AM (Source: TeleTrader)
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Medvedev dismisses economic sanctions threat

Russian Security Council Deputy Chairman Dmitry Medvedev said on Thursday that his country is "not afraid" of sanctions imposed by the United State and its allies. He told domestic media that he does not know what any additional measures could consist of, but that he does not believe Russia will be excluded from the SWIFT international payment system.

Medvedev claimed Russia will not be impacted by a potential ban on transactions in dollars, as it will turn to the euro, or to the Chinese yuan if the euro is not an option. "This is a new, very promising reserve currency, given the size of the economy of the People's Republic of China," he noted, adding that the change will provide an additional boost to the Chinese economy.

Baha Breaking News (BBN) / DJ