US sanctions forced Russia to de-dollarize, the president said at SPIEF The growing use of national currencies in сross-border settlements, including the energy trade, signals the end of the US dollar as the dominant currency globally, Russian President Vladimir Putin said on Friday while addressing the St. Petersburg International Economic Forum (SPIEF). According to the Russian president, dollar reserves of the world's major economies are rapidly shrinking, as are trade settlements using the US currency, while many nations are pitching projects to create new reserve currencies. “The share of settlements in the d
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