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Russian President announces development of payment system independent of dollar

«We will continue to work together with our partners on the formation of a stable and secure system of international settlements,» Russian President Vladimir Putin said in his address to the Federal Assembly.

According to him, after the imposition of sanctions by the West, Russian business rebuilt logistics, strengthened ties with responsible predictable partners, and there are many of them, most of them in the world.

«The share of the Russian ruble in international settlements doubled compared to December 2021 and amounted to one third. This is already more than half together with the currencies of friendly countries. We will continue to work together with partners on the formation of a stable, secure system of international settlements, independent of the dollar and other Western reserve currencies, which, under such a policy of Western rulers, will inevitably lose their universal character. They do everything with their own hands. It is not we who are reducing settlements in dollars or other reserve currencies,» Vladimir Putin stressed.

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