Russia & EU on path to cut out the dollar by boosting settlements in national currencies

With the number of non-dollar deals rising

With the number of non-dollar deals rising, Moscow and Brussels are discussing ways to boost the volume of settlements in euros or rubles, says Russia’s envoy to the EU Vladimir Chizhov.

The talks about the switch-over come as the greenback still remains a “powerful weapon” of the US, the permanent representative to the EU said in an interview with Sputnik. Sanctions are another tool for Washington, as foreign companies dependent on the American market have to stop dealing with firms, as well as whole countries, that the US targets.

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