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More and more SCO countries using national currencies… An important contribution to international projects — Putin

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Putin says 97% of Russia’s trade with SCO countries is now settled in national currencies. A near-total shift away from the dollar.
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JUST IN: 🇷🇺 Russian President Putin says BRICS is not creating any financial alternatives to SWIFT, but is instead using national currencies for international trade settlements.
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Putin speaking on BRICS moves to de-dollarize today in New Delhi. "We’re happy to point out that more and more countries are now settling trade in their own currencies. National currencies already account for about 96 percent of commercial deals [with India]. The financial and banking links between us are working smoothly. Russian businesses are finding new ways to use the Indian rupees they get from exports. Big joint projects are now being financed in Russian rubles. And our energy cooperation keeps growing strongly.
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🇮🇳🇷🇺 Big statement from President Putin: "Russia and India are moving toward trade in national currencies. Russian operators have expanded the scope of using the Indian Rupee, and the Russian Ruble is also being used to provide loans for joint projects."
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🇮🇳🇷🇺 Big statement from President Putin: "Russia and India are moving toward trade in national currencies. Russian operators have expanded the scope of using the Indian Rupee, and the Russian Ruble is also being used to provide loans for joint projects."

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🇷🇺🇮🇷 Russian President Putin says the share of transactions conducted in rubles and Iranian rials exceeded 95% in 2024. "Our countries almost fully switched to national currencies."
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🇷🇺🇮🇷 Russian President Putin says the share of transactions conducted in rubles and Iranian rials exceeded 95% in 2024. "Our countries almost fully switched to national currencies."

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🚨Global South looking for alternatives - 🇮🇳India on trading in local currencies “We’re trying to bring in some understanding of how important it is to have alternative mechanisms to do trade and projects in national currencies”: Secretary (ER) Dammu Ravi.

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Russian President Putin tells SCO member countries that Russia's trade turnover with SCO member states in 2024 reached $409 billion and continues to grow; Points that 'lion's share' belongs to China
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🇷🇺 President Putin at the SCO: “The Ukraine crisis did not begin with a Russian attack—it began with a Western-backed coup in 2014. The political leadership that opposed NATO membership was eliminated. Since then, the West has tried to pull Ukraine into NATO, directly threatening Russia’s security.” Putin praised China, India, and others for pushing peace efforts—and said his recent summit with the U.S. in Alaskashowed a shared desire to resolve the war diplomatically. “We hope these talks open the road to peace in Ukraine.” Other key points: 🔹Dialogue within the SCO helps lay the foundation for a new security system in Eurasia to replace the outdated Eurocentric and Euro-Atlantic models. 🔹The SCO is steadily increasing its influence in resolving international issues. 🔹National currencies are increasingly used in mutual trade settlements among SCO countries. 🔹The pace of cooperation development within the SCO is impressive.
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🇷🇺 President Putin at the SCO: “The Ukraine crisis did not begin with a Russian attack—it began with a Western-backed coup in 2014. The political leadership that opposed NATO membership was eliminated. Since then, the West has tried to pull Ukraine into NATO, directly threatening Russia’s security.” Putin praised China, India, and others for pushing peace efforts—and said his recent summit with the U.S. in Alaskashowed a shared desire to resolve the war diplomatically. “We hope these talks open the road to peace in Ukraine.” Other key points: 🔹Dialogue within the SCO helps lay the foundation for a new security system in Eurasia to replace the outdated Eurocentric and Euro-Atlantic models. 🔹The SCO is steadily increasing its influence in resolving international issues. 🔹National currencies are increasingly used in mutual trade settlements among SCO countries. 🔹The pace of cooperation development within the SCO is impressive.

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🇷🇺🇰🇿 "Almost all settlements between our countries are being made in national currencies" — Putin "Import & export transactions are well protected from any external influence and any negative trends on the global markets"

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