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Putin says Russia must diversify currencies it uses in international trade

Kitco News

VLADIVOSTOK, Russia, Sept 12 (Reuters) - Russian President Vladimir Putin said on Wednesday that Moscow needed to diversify the foreign currencies it used in international trade and not solely rely on the U.S. dollar for such transactions.


The Russian central bank has been increasing the share of gold and Chinese yuan in its coffers amid risks of more U.S. sanctions that could target Russia's ability to trade globally.


(Reporting by Denis Pinchuk, Polina Nikolskaya and Vladimir Soldatkin Writing by Gabrielle Tétrault-Farber Editing by Andrew Osborn)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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