Russian President Vladimir Putin.Getty Images Vladimir Putin has touted the use of local currencies — instead of the dollar —for trade. At a trade summit, Putin said 80% of the Russia-China trade is now transacted in the yuan and the ruble. It was Putin's first international appearance since a failed mutiny in Russia two weeks ago. Russia has again touted the use of local currencies for trade — instead of the US dollar — as the country continues to face sweeping sanctions over the Ukraine war.On Tuesday, while speaking at a summit, President Vladimir Putin highlighted Russia's trade with China, which he said is now primarily settled in the Chinese yuan and ruble.This was Putin's first appearance at an international event after a failed mutiny by the Wagner mercenary group two weeks ago.