The weaponization of US currency has pushed many nations to look for alternatives, a top banker has said Alternative payment mechanisms in mutual trade will be addressed at the ongoing Russia-Africa summit, one of Russia’s top bankers said on Thursday. Speaking to journalists on the sidelines of the event in St. Petersburg, Andrey Kostin, the CEO of Russia’s second-largest bank VTB, said that the US dollar had been weaponized, which is why nations will gradually move away from using it in trade. “Structural changes are bound to happen. African countries are also acting on this. They have already started to create
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