Russia Discussing The Possibility Of Using National Currencies To Settle Bilateral Trade Deals: Sergei Lavrov

Russia has been discussing for some time the possibility of using national currencies to settle bilateral trade deals with Turkey, China and Iran.

This was stated by Russian Foreign Minister Sergei Lavrov while speaking at a news conference with his Turkish counterpart in Ankara.

Sergei Lavrov said over time the role of the U.S. dollar as the currency of global trade will decline.

He did not though make any commitments for russia to drop the dollar in trade with Turkey, whose lira currency has plummeted.