Russia reveals scale of trade in national currencies ...News

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Most transactions with close partners are carried out in rubles, President Putin has said at SPIEF The Russian government is preparing new mechanisms for cross-border settlements, President Vladimir Putin said on Friday at the St. Petersburg International Economic Forum. Russia and its main trading partners such as China and India started to switch to national currencies in mutual trade after Moscow was slapped with sanctions that effectively cut it off from the Western dollar-dominated financial system. President Putin described the progress towards the adoption of national currencies such as the Russian ruble an

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