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

  • Communist supporter carries red flags at Moscow's Red Square, Russia, Wednesday, Nov. 6, 2013. (AP Photo/Alexander Zemlianichenko)

MOSCOW: 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.

 
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