Russia is conducting negotiations with a number of international locations to abolish “dollarization”

by times news cr

2024-06-06 16:25:04

Moscow is negotiating the de-dollarization of commerce with Cuba, Nicaragua and Venezuela, in addition to members of the BRICS group.

Alexander Shetinin, Director of the Latin America Division on the Russian Overseas Ministry, advised Sputnik: “There’s a negotiation course of happening right here between business and banking constructions, to seek out probably the most acceptable and applicable types of interplay to make sure commerce and financial relations between our international locations, one among which is nationwide currencies, the introduction of Mir playing cards, and (System) for implementing direct funds.”

On the sidelines of the “Petersburg Worldwide Financial Discussion board 2024,” Chetinin confused that “the types and strategies of the de-dollarization course of could also be completely different, however the precedence is the method of growing cooperation.”

The Russian official added: “There’s progress” on the problem of negotiations on eliminating the greenback in commerce between Latin America and Russia.

The actions of the “Petersburg Worldwide Financial Discussion board 2024” opened at this time, Wednesday, within the Russian metropolis of Saint Petersburg, within the presence of political, financial and media figures from everywhere in the world and with the participation of 134 international locations, with the Sultanate of Oman being the visitor of honor on the discussion board.


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2024-06-06 16:25:04

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