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

by Reuters
Tuesday, 4 March 2014 08:06 GMT

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.