Vladimir Putin: We Aren’t Ditching the Dollar

Wednesday, 28 November / Bloomberg

Russia and other countries are reducing their U.S. dollar reserves, partly because of U.S. sanctions policy, Russian President Vladimir Putin says at VTB Capital Investment Forum "RUSSIA CALLING!".

Contract to sell S-400 anti-aircraft missiles to Turkey wasn’t settled in dollars.

Russia continues work with partner countries to develop alternative to SWIFT financial messaging system.

Russian economy is adapting to difficulties, will spur growth through investments into infrastructure, digital.

“We aren’t aiming to ditch the dollar. The dollar is ditching us.”

The decision makers who are moving the dollar away from Russia “aren’t shooting themselves in the foot, but a little higher”.

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