Putin called a huge catastrophic mistake by the United States

Many in the United States understand that the attempt to use the dollar as a weapon was a huge, catastrophic mistake of the former US leadership, Russian President Vladimir Putin said at the SPIEF plenary session.

As Putin noted, thanks to the dollar, the US economy earns a profit, the US receives a lot of money thanks to this.

"And now everyone is thinking: 'These weapons can also be used against us,'" Putin said.

If oil is expensive, it will most likely affect inflation in leading economies, including the United States, he added.