Russia Urges ASEAN to Ditch US Dollar: Could This Reshape Global Trade?

Latest News | "Russia Urges ASEAN to Ditch US Dollar: Could This Reshape Global Trade?" | #shorts #news

Russian Foreign Minister Sergei Lavrov recently encouraged ASEAN countries to replace US dollars with their national currencies in an effort to avoid Western sanctions. This call to action was in response to the 4.4% decrease in trade between Russia and ASEAN members due to the invasion of Ukraine last year. In addition, Russia has also suggested to the Shanghai Cooperation Organization (SCO) countries that they utilize local currencies for exchanges.

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#Russia #SergeiLavrov #ASEAN #USSanctions #Ukraine #SCO #ShanghaiCooperationOrganization #NationalCurrencies #Trade #WesternSanctions #LocalCurrencies #Exchanges #newslive

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