The country would have continued to use the greenback but sanctions prevent it, the Russian leader has said
Russia’s growing use of the Chinese yuan and other currencies in transactions with foreign partners should not be seen as an attack on the US dollar, according to President Vladimir Putin. In a weekend interview with the Russia 24 TV channel, Putin said the decision had been forced on his country by Western sanctions.
“We would use the dollar, but they won’t allow us to do that, so how do we make payments? In a currency that is acceptable to our trading partners. The yuan is one such currency, especially since it is also used by the International Monetary Fund,” the Russian leader stated.
The numerous sanctions imposed on Moscow in response to its military operation in Ukraine include the blacklisting of a number of Russian banks and their removal from the SWIFT interbank messaging system, as well as bans on transactions with Russian…
