WW3 UPDATE: US Halts Russia Military Agreements; Russia THREATEN DOLLAR & WARNING SHOTS FIRED

Russia will abandon the US dollar as a reserve currency if the United States initiates sanctions against the Russian Federation, Presidential advisor Sergey Glazyev told Ria Novosti news agency.

"We will be forced to go to another currency and create our own payment and settlement system. We have a fantastic trade and economic relationship with our partners in the east and south, and we'll find a way to not only reset our financial dependence on the US, but come out from these sanctions with an advantage for ourselves," he said.

"Efforts to declare sanctions against the Russian Federation will result in the collapse of the US financial system, which will entail the end of US dominance in the world financial system."