Comment on Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport

Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport

BRICS attendees were advised to bring dollars and euros to the summit.Contributor/Getty ImagesRussian President Vladimir Putin is hosting the BRICS summit in Kazan, Russia.Putin is touting trade in local currencies, a move away from the US dollar.Despite the de-dollarization push, summit organizers advised attendees to bring dollars and euros.Russian President Vladimir Putin is hosting a major summit with over 20 world leaders, whom he's trying to convince to ditch the dollar.De-dollarization is one of Putin's priorities because trading in local currencies means that a heavily sanctioned Russia would not be beholden to the Western US dollar-dominated global financial order.But it's not easy to move away from the greenback.

 

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