Putin: instability forcing countries away from dollar settlements

MOSCOW (Reuters) – President Vladimir Putin said on Wednesday that Russia was not aiming to stop settling deals using the U.S. dollar, but that instability in dollar-based settlements was forcing many world economies to think about moving to non-dollar settlements.

Speaking at a conference in Moscow, Putin also said that Russia was actively working on a system that would be independent from the SWIFT global payment system, but added that Moscow would not make any sudden moves that might hurt itself.

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