Putin emphasized the need for Russia to reduce imports, increase the use of non-Western currencies in trade settlements, and expand its domestic financial markets. He highlighted the growth in trade with Asia and the increasing use of the Russian rouble in external trade. Putin also mentioned the importance of boosting the share of settlements in BRICS currencies and reducing reliance on “toxic” currencies of unfriendly states. He stressed the importance of creating competitive production to reduce imports and increasing investment in fixed assets.
Putin urges major expansion of Russian financial markets, cutting use of Western currencies
