Russia wants to trade with African countries in local currencies – Lavrov

Russia and African nations are moving towards settlements in national currencies, Russian Foreign Minister Sergey Lavrov revealed on Wednesday, adding that the parties are preparing documents on rearranging the mechanism of cooperation under Western sanctions.

Lavrov’s announcement was made during a press conference on the results of the activities of Russian diplomacy in 2022. The official earlier stated that Russian and African partners are working on reducing, though gradually, trade in the US dollar and the euro in mutual trade payments.