Russia favors transactions in local currencies, President Putin

Image courtesy: BBC News.

Addressing the annual virtual summit of the Shanghai Cooperation Organization (SCO) in India, Russian President Putin said that he intends to develop relations with the SCO countries, and that Russia supports transactions in local currencies.

President Putin said that the risks of crisis in the world economy are increasing and the possibility of conflicts around the world is also increasing.

He said that Russia is and will continue to resist external pressure, sanctions and provocations, despite the current situation, our country is constantly developing.

President Putin said that he thanks the member countries of the Shanghai Cooperation Organization for supporting the actions of the Russian leadership in defending the lives and safety of citizens in response to the failed coup attempt in Russia.

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