The decision to withdraw $300 billion from Russia's financial reserves will be a Pyrrhic victory for the U.S., according to Russian President Vladimir Putin's spokesman. The decision will show the world the reliability of the dollar as a reserve currency, according to the Russian President's spokesman, Alexei Pushkov.
The Russian president's spokesman also said that the decision will have a negative impact on the Russian economy, as well as on the relations with the rest of the world. He added that it will be necessary to carefully read whether there are any attempts to legally justify such decisions.