The Kremlin has no clear plans for the abandonment of the dollar

The Kremlin has no clear plans for the abandonment of the dollar

Specific plans for de-dollarization of the economy from Russia, said the press-Secretary of Russian President Dmitry Peskov. However, he noted that the issue is on the agenda not only in Russia but also in other countries.


“Clear plans from the Russian side yet, but this is a question that is on the agenda,” said Mr Peskov told reporters.

He stressed that the plan to conduct a forced conversion of dollar deposits into rubles, which was expressed by the Chairman of the Board VTB Andrey Kostin, “there is no part of the administration” President, no “anywhere else”.

“The theme of de-dollarization is being actively discussed not only in Moscow but throughout the world,” said Mr. Sands. He noted that “many countries in Europe and in the East” is “consistent and firm attitude gradually to minimize the dollars in turnover”.

According to the press Secretary of the Russian President, therefore, Russia and other countries respond to “enough unpredictable actions of the United States” and falling confidence in the dollar.

  • To get rid of the dollar: when will the ruble be strengthened
  • … Called the equilibrium exchange rate of the ruble

Earlier, the President — Chairman of VTB Andrey Kostin in an interview to the newspaper “Izvestia” was told about the plan to phase out the dollar. According to him, the de-dollarization involves an accelerated transition to payments in other currencies when carrying out export-import transactions with foreign countries, translation of legal addresses of the largest companies in the Russian jurisdiction, as well as the placement of Eurobonds in Russia.