A Defiant Putin Renewed Calls For Countries To Trade With Russia Using Local Currencies In His First International Appearance Af

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.