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Putin says almost 40% of Russian trade volume is done in rubles

Russia’s President Vladimir Putin gestures as he delivers a speech during the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg on June 7, 2024.

Anton Vaganov | afp | fake images

Russian President Vladimir Putin said on Friday that almost 40% of the country’s commercial turnover is now done in rubles, as the proportion done in dollars, euros and other “unfriendly” Western currencies has decreased.

Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said that “Russia-friendly” countries were the ones that deserved special attention because they would define the future of the global economy, “and they already represent three-quarters of our commercial volume.”

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