After BRICS, Putin Pushes Dedollarisation at SCO: US Economy in More Trouble After Iran Oil Shock?
5 Articles
5 Articles
After BRICS, Putin pushes dedollarisation at SCO: US economy in more trouble after Iran oil shock?
Vladimir Putin addressed the SCO summit in Bishkek, calling it the world’s largest regional organisation by population and economic weight. He highlighted growing trade, investment and cooperation among member states, saying Russia’s trade with SCO countries reached $400 billion last year. Putin also said more than 98% of Russia’s mutual settlements with SCO partners are now conducted in national currencies. He backed stronger SCO mechanisms, en…
The trade settlements between Russia and the States of the Shanghai Cooperation Organization have been almost entirely converted into national currencies, reaching a record 98 per cent, announced by Russian President Vladimir Putin. The Russian leader addressed a meeting of the Council of Heads of State of SCO member States, transmitting RIA News. "In our States' mutual accounts, Russia's share of national currencies is more than 98 per cent in …
Belarus welcomes the measures taken to increase the share of national currencies in the calculations between the countries of the Shanghai Cooperation Organization (SCO), stated the President ... 01.09.2026, PRIM
The Belarusian leader identified the economy as one of the main areas of work of SCO and stressed that joint initiatives should produce concrete results, strengthen the well-being of peoples and contribute to the cohesion of SCO States.
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