The US dollar becomes the risk tool for international payments

Minister of Finance of the Russian Federation Anton Siluanov

13 August 2018

Russia doesn't exclude transition to national currencies instead of dollar at trade in oil. We have significantly reduced investments of our reserves in the American assets. The dollar which was considered as world currency already becomes the risk tool for settlements.

The government doesn't plan to close the American companies in Russia yet.

The Russian President Vladimir Putin at a press conference following the results of the BRICS Summit, has noted that the Russian Federation doesn't refuse the American dollar as universal reserve currency. But Russia, as well as many other countries, indicates problems of use of US dollar as universal unit of settlements.

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