Russia Nears Full Shift To National Currencies In Trade With India And China

Russia has transitioned almost entirely to conducting trade settlements with India and China in national currencies, effectively bypassing the US dollar, TASS reported.According to Deputy Prime Minister Alexander Novak, between 90 and 95 per cent of financial transactions with both countries are now executed in roubles, yuan, or rupees. The shift, he explained, was not a deliberate policy
Russia has transitioned almost entirely to conducting trade settlements with India and China in national currencies, effectively bypassing the US dollar, TASS reported.According to Deputy Prime Minister Alexander Novak, between 90 and 95 per cent of financial transactions with both countries are now executed in roubles, yuan, or rupees. The shift, he explained, was not a deliberate policy
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