(PressTV)
On Tuesday Kremlin Economic Aide Sergei Glazyev stated that Russia "would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves." Glazyev also stated that the American economic system would "crash." These comments were made in response to possible sanctions being placed on Russia by the U.S. in response to Russian forces moving in on Ukraine.
Glazyev went on to say that Russia would discontinue the use of the dollar for international transactions and create their own system with other economic partners. Russia would also default on current U.S. loans, which "would cause the end of the domination of the United States in the global financial system," according to Glazyev.
The U.S. wasn't the only target of Glazyev's rhetoric; Europe would also face "catastrophe" if sanctions were put in place.
Apparently this is common practice for Sergei Glazyev, who is known for his wildly outlandish views and comments. Business Insider writer Joe Weisenthal put it like this, with Glazyev's comments he "is literally threatening to put his own companies into default. That's the opposite of a threat." At least for now, it seems we can rest easy and not worry about Glazyev's questionable rhetoric.
"Glazyev probably thinks it sounds good domestically to make these threats and to imagine that they're of any significance. For everyone else they're just an amusement," said Weisenthal.
References:
http://www.afp.com/en/node/1288416
http://news.yahoo.com/russia-warns-could-reduce-zero-economic-dependency-us-083926261.html?vp=1
http://www.presstv.ir/detail/2014/03/04/353185/kremlin-warns-us-over-sanctions/
http://www.businessinsider.com/putin-aide-threats-2014-3#ixzz2v2qFYhdP
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