Sanctions have effectively denied Moscow the ability to make cross-border settlements in Western currencies Western sanctions on Russia have jeopardized trust in the dollar and the euro, forcing many global players to reevaluate the viability of relying on these currencies, President Vladimir Putin said at the plenary session of the Eastern Economic Forum on Tuesday. Witnessing the way both the US and EU use their currencies as political weapons pushed many countries towards creating alternative payment instruments, Putin stated. “Restrictions on, let’s say, settlements in dollars. Where do they lead? To the fact
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