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Russia rejecting dollar and euro is irreversible process — head of VTB

Andrey Kostin added that freezing a part of Russia's gold and foreign exchange reserves is evidence that "no state can feel fully protected in the dollar-centric global economy"

BAKU, October 27. /TASS/. Abandoning settlements in dollar and euro is already an irreversible process for Russia, President of VTB Andrey Kostin said on Thursday.

"Rejecting the dollar and the euro is already an irreversible process for Russia. Taking into account the current trend, in the medium term, our main foreign trade partners will be China, the EAEU countries, Turkey, India, the states of the Middle East, Latin America, and the African continent. Transitioning to national currencies with this group of countries is our priority," he said.

He added that freezing a part of Russia's gold and foreign exchange reserves is evidence that "no state can feel fully protected in the dollar-centric global economy."

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