Russia Makes a Decision on The US Dollar

Director of the Department of Economic Cooperation of the Russian Foreign Ministry Dmitry Berishevsky said that in light of the tightening of sanctions, Russia is working to limit the use of the dollar in foreign exchange reserves and external settlements.

The country will seek to switch to non-Western capital markets, as well as make efforts to protect investment projects from external negative influence, Dmitriy Berishevsky added.

Earlier, Russian President Vladimir Putin signed a decree on the application of special economic measures in the field of foreign economic activity in order to ensure Russia’s security.

Putin ordered to ensure a ban on the export and import of products and raw materials to Russia in 2022 in accordance with the lists established by the Council of Ministers.

Putin stressed that the ban on exports and imports to Russia will not affect the products and raw materials that citizens transport for their personal needs.