Russian Energy Transactions Will Abandon the US Dollar and the Euro

Russian Deputy Prime Minister Alexander Novak said in an interview with Russian media on April 22 local time that reducing the use of US dollars and euros has become a new trend.

In the future, Russia and other countries intend to abandon the use of US dollars and euros in energy transactions, but choose the currencies of relevant countries.

Novak also said that the current energy transactions between Russia and China have been settled in RMB and rubles. Transactions in RMB, Turkish Lira and Russian Ruble are increasing and are already common in the market.