City
Epaper

Russia to reduce share of dollar in international settlements

By IANS | Updated: March 9, 2022 13:15 IST

New Delhi, March 9 Under the sanctions, the Russian economy is pursuing a policy of reducing the use ...

Open in App

New Delhi, March 9 Under the sanctions, the Russian economy is pursuing a policy of reducing the use of the dollar in domestic and international settlements, and is also moving to alternative capital markets to Western ones, said the Director of the Department of Economic Cooperation of the Russian Foreign Ministry Dmitry Birichevsky, RT reported

"The Russian economy almost permanently exists in conditions of increased sanctions risks. We proceed from the fact that the domestic market and foreign economic relations of the country are gradually adapting to changing circumstances," Ria Novosti quoted him as saying.

Birichevsky added that Russia has the necessary margin of safety to adjust its own financial policy, and also soberly assesses the risks of sanctions.

"Reducing the use of the dollar both in domestic international reserves and in external settlements, shifting attention to alternative capital markets to Western ones ... are key elements of the Russian economic policy," said a Russian Foreign Ministry spokesman.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Valeriy ChechelashviliRussiaNew DelhiRtInstagram tvThe new delhi municipal councilDelhi south-westSpanish tvNew-delhiRussian parliament
Open in App

Related Stories

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

MaharashtraMaharashtra-Russia to Jointly Develop Thorium Reactors

NationalVladimir Putin Accepts PM Modi’s Invitation To Visit India Preparations Underway, Says Russian FM Sergey Lavrov

NationalNew Delhi Railway Station Sees ‘Stampede-Like’ Chaos Due to Train Delays (Watch)

InternationalRussia-Ukraine War: 60 Ukrainian Drones Shot Down Over Moscow in Largest Drone Attack

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support