Russia’s move away from dollar ‘irreversible’

Andrei Kostin says the country’s foreign trade has shifted to settlement in national currencies Russia is moving away from using the US dollar and euro in foreign trade, a process that is “irreversible,” claimed Andrei Kostin, the head of VTB Bank, one of Russia’s largest lenders. “Quitting the US dollar and euro is already an irreversible process for Russia. Taking into account the current trend, our main foreign trade partners in the medium term will be China, the EAEU countries, Turkey, India, Middle East, Latin America, and Africa. Switching to national currencies in trade with this particular group of countri

Hence then, the article about russia s move away from dollar irreversible leading banker was published today ( Friday 28/10/2022 - 09:32 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia’s move away from dollar ‘irreversible’ – leading banker )

Last updated : 28 October 2022 clock 09:32 AM

Also on site :

Russia’s move away from dollar ‘irreversible’ – leading banker ...News

Trump’s Feel-My-Pain Economic Message

K1 Exits TechnoMile, a Category-Leading Platform for Government Contractors

Cheap Oil Is Double-Edged Sword for Trump

ZWHAND Shines at CES 2026: Redefining Robotic Hands for Mass Embodied AI

Egypt eyes $40 billion annual revenue in massive tourism overhaul

Trump’s Venezuela Gambit Could Erode OPEC’s Clout in Oil Markets

GDIT Awarded $988 Million Contract to Modernize Navy C5ISR Systems

Dover Announces Fourth Quarter 2025 Earnings Release Date, Conference Call and Webcast

Why Europe’s Reliance on China Is a Policy Choice, Not a Resource Problem

Georgia College surpasses 1 million service hours, earns national Community Engagement certification

BHP Expected to Wait Out Rio Glencore Deal Talks as Copper M&A Heats Up

General Dynamics to Webcast 2025 Fourth-Quarter and Full-Year Financial Results Conference Call

Africa: Former CIA Analyst Now Top U.S. Africa Official at State; Dealmaking Dominates as Conflicts Spread

The Death of SaaS: CloseMate Leads a New Era of Artificial Intelligence

Germany Seals $9.6B TenneT Deal to Ease Power Grid Bottlenecks