Russia’s Trade With India and China Goes Nearly Dollar-Free, Marking a Shift in Global Finance

In a development that underscores the accelerating transformation of the global financial system, Russia’s VTB Bank has confirmed that nearly 100% of the country’s trade with India and China is now being settled in national currencies rather than the US dollar. The move represents one of the clearest signals yet of the growing push toward de-dollarisation, a trend that has gained momentum amid geopolitical tensions and Western sanctions.

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