Russia Has Stopped Accepting Dollars for Its Weapons Exports
Buyers now have to get rubles
Russia has stopped using SWIFT and US dollars in weapon export contracts, Head of Russian Defence Export firm (Rosoboronexport) Aleksandr Mikheev told journalists during Army-2019 forum.
He said that Rosoboronexport is now using national currencies instead of US dollars and emplyos a “closed system” of payments.
According to Mikheev, in 2019, Russia delivered $6bn worth weapons and equipment and signed $7bn worth contracts. It’s expected that a total of around $13bn contracts will be signed in 2019.
Source: South Front