Bloomberg: Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade • The shift is part of a strategy to “de-dollarize” the Russian economy • The share of euros in Russian exports increased for a fourth straight quarter at the expense of the U.S. currency • The common currency has almost overtaken the dollar in trade with the European Union and China and trade in rubles with India surged • The euro’s share also increased in Russia’s $108 billion annual trade with China, jumping to more than a third of export settlements in the first quarter • Emsil Now To Access Our Next US Dollar Algo Trade Alerts: inquiries@ppchk.net
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