Russia has its own payment system and system of interbank transactions to permanently abandon the use of the dollar, said economic observer Alexander Rogers.
Increasingly, people in Russia are talking about the need to abandon “Western-controlled” payment systems such as Mastercard and Visa. Companies strive to use national currencies in international settlements. The authorities are gradually pursuing a policy of de-dollarization, the expert noted in a conversation with Journalist Pravda.
The economist recalled that in 2020, the US trade turnover decreased by $ 1 trillion, yielding leadership to China. Russia has almost completely abandoned investments in American securities and is now switching over to settlements in rubles with other countries.
Russia is ready for the final abandonment of the dollar, the matter is behind partners in other states, where there is already progress, the expert summed up.