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Putin Touts 90% Dollar-Free CIS Trade Amid Western Sanctions

Summary by Kyiv Post
Moscow promotes alternative payment networks to withstand Western sanctions, even as former Soviet republics distance themselves from Russia.

5 Articles

Lean Right

President Vladimir Putin, at a meeting of the leaders of the Commonwealth of Independent States in a narrow composition, reported that the share of national currencies among the countries of the organization exceeded 90 per cent. "Stable and independent financial infrastructure enables us to deal with many of the challenges of today. Virtually all of the intercalculations are carried out in national currencies. Their share in the commercial tran…

Lean Right

The share of national currencies in the inter-calculations between the CIS countries has exceeded 90 per cent, Russian President Vladimir Putin said. "A stable and externally independent financial infrastructure enables us to deal with many of today's challenges quite effectively.

"Our States have established effective coordination to counter financial and economic offences, money-laundering, corruption, and joint programmes to combat the criminal misuse of digital technology, organized crime, drug trafficking, terrorism and extremism", the Russian leader pointed out.

Russian President Vladimir Putin announced that national currencies now account for over 90 percent of trade among CIS countries. He stated that they have created an independent financial infrastructure resistant to external influences, and that economic cooperation is being strengthened through new production and transportation links.

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  • 67% of the sources lean Right
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Interfax.ru broke the news on Friday, October 9, 2026.
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