BAKU, October 27. /TASS/. The yen, the pound sterling and the euro have been hardest hit by the US Federal Reserve’s current policies and may end up getting sacrificed in a crisis ‘inferno’ for the salvation of the dollar, Rosneft CEO Igor Sechin told the 15th Verona Eurasian Economic Forum in Baku on Thursday.
"So far, they [the Fed] have been most apt at using these resources, even by manipulating the dollar against their allies. Thus, the yen, the pound and the euro are hardest hit by the Fed’s policies. It is these currencies that risk going down in a blazing inferno of the crisis in order to salvage the dollar," the head of Russia’s largest oil company said.
According to his estimate, as the issuer of the world’s reserve currency, the US is running out of its sources, and the resource is getting increasingly less effective despite its continued use.