Putin: Exchange to national currencies is a strategic need

According to mehr reporter to Quoting from Rashatudi, Russian President Vladimir Putin said at the BRICS summit in this country that the development of trade in national currencies between countries is a strategic need and to distance himself from the dollar in international exchanges. /span> leads to strengthening the financial independence of countries and reducing geopolitical risks.

Russia is currently hosting the 16th annual BRICS summit in the city of Kazan and currently the representatives of the member countries of this group include Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, and the UAE are present in this city.

Putin, in a conversation with Dilman Rusov, the head of the BRICS development bank, emphasized that using national currencies instead of dollars and euros as much as possible in today’s life will remove The shadow of politics comes from the process of economic development of countries.

The US and Western sanctions against Russia due to the military conflict with Ukraine forced Moscow and the countries of the BRICS group to go to alternative ways of doing business.

In the form of these sanctions, the access of big Russian banks to SWIFT was also stopped.