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Putin Calls For New International Payment System To Rival Dollar
The Guardian
|October 24, 2024
Vladimir Putin opened the expanded Brics summit yesterday by issuing a call for an alternative international payments system that could prevent the US using the dollar as a political weapon.
But the summit communique indicated that little progress had been made on an alternative payment system.
Speaking at the summit in the Russian city of Kazan, Putin said: "The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this."
He said that nearly 95% of trade between Russia and China is now conducted in rubles and yuan.
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