Western Sanctions Against Putin Over Ukraine Defy Logic: Kremlin
Moscow, April 3: Sanctions imposed by the West on Russian President Vladimir Putin over the Ukraine crisis are inappropriate and lack sense, the Kremlin spokesman said on Sunday.
“Honestly, no one imagined that sanctions would be imposed on a head of state. That does not happen. It is outside the boundaries of reason”, Dmitry Peskov told a Rossiya 1 television show.
He said the sanctions showed that the West was “capable of any foolish act”. Peskov, who himself was sanctioned by the US, the European Union and Canada, admitted he was surprised to find his children on the blacklist but said this proved that cosmopolitanism was “not too compatible with our traditions and values”.
Peskov also said that the Western sanctions policy is accelerating the process of erosion of the world reserve currency, with an increasing number of countries considering options for mutual settlements in national currencies. “This is the erosion of confidence in the dollar and the euro, which have always been some kind of a spine for all international settlements. More and more countries, having doubts about the reliability dollars and euros are inclined to develop options for mutual settlements in national currencies. This process cannot be stopped, it will go on increasing”, Peskov said.
Peskov added that in the long term the world economy will come to a new system of monetary management, different from the Bretton Woods one.
