Contents tagged with dollar

  • Putin supports the plan to stop using the US dollar in Russia

    The head of the Russian bank VTB Andrey Kostin stated that the Russian President Vladimir Putin “mostly” supported his proposal to stop using the US dollar, RIA Novosti reports.

    We do not intend to completely abandon the dollar, said Kostin. According to him, the proposal recommends a gradual transition to transactions in other national currencies, for example, between the countries of the Eurasian Economic Union and in specific areas such as weapons.

    “This is a long-term plan and is aimed …

  • Russian Foreign Minister predicts collapse of the US dollar

    Washington’s abuse of the role of American dollar as the world’s reserve currency can lead to the currency’s position weakening, stated bythe Russian Minister of Foreign Affairs, Sergey Lavrov, following the meeting of the Ambassadors and permanent representatives of Turkey to international organizations, Russian state-owned TASS news agency reports.

    According to the Minister, the sanctions imposed by the USA have no legal basis, contradict the world trade principles and undermine the rules …