(Finance) – The Russian president Vladimir Putin stated that the process of de-dollarization economic ties between countries Brics “irreversible”. In video link with the vertex Brics of Johannesburg, South Africa, Putin stated that “the objective and irreversible process of de-dollarisation of our ties cheap is gaining momentum, efforts are being made to develop effective mechanisms for mutual settlements and for monetary and financial control”. According to the Russian president, the share of the US currency in the export-import operations among BRICS members it is steadily declining and last year amounted to only 28.7% of the total.
Putin then underlined that “the significant pressure inflationary is caused, among other things, by the irresponsible actions of a number of countries to carry out large-scale emissions to mitigate the costs of pandemicwhich causes the accumulation of public and private debt”.
Putin then spoke of thewheat deal stating that Moscow “is willing to join”, provided that “all obligations towards Russia are fulfilled”. “Since July 18,” said the Russian president, “we have refused to further extend this so-called wheat deal. We will be ready to rejoin it. But we will return only if all obligations in relation to the Russian side they will truly be fulfilled. None of the conditions of the so-called revocation agreement sanctions on Russian exports of grain and fertilizers to world markets has been complied with. Obligations to Russia in this regard have simply been ignored.”
Putin added that Russia is close to an agreement for the supply free of wheat to Villages Africans needy.