Russian President Vladimir Putin stated on Thursday at a press conference that should Argentina adopt new President Javier Milei's idea to use the United States dollar instead of the peso, the country will likely lose a "significant" portion of its sovereignty.
Although Putin said he understands why Argentina would opt for such measures, he said that the risks are great. "The use of the US dollar ... may result in serious social and economic consequences ... Any government taking such decisions would find itself in a very complicated situation from the point of view of domestic political stability," the Russian president shared.
Nonetheless, he noted that Buenos Aires is free to make its own decisions as an independent country.