Ruble-yuan settlements will cut energy sales in US dollars – Putin

Ruble-yuan settlements will cut energy sales in US dollars – Putin

Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China’s say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway.

In short the President said the US dollar has no future, and that the ruble and the yuan have better long-term prospects.

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