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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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Copyright: This video was made with the Fair Use Policy. Text and Images are used for knowledge purposes only. Text and Images Credit: Inshorts
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Related Queries:
1. Sergei Lavrov encourages ASEAN countries to replace US dollars,
2. Impact of Western sanctions on RussiaASEAN trade,
3. Russia suggests local currencies for Shanghai Cooperation Organization,
4. ASEAN countries avoid US dollar,
5. RussiaASEAN trade decreases due to Ukraine invasion,
6. Shanghai Cooperation Organization replaces US dollars,
7. Sergei Lavrov calls to action on US dollar,
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