November 28, 2018 / 11:35 AM / 19 days ago

Putin: instability forcing countries away from dollar settlements

Russian President Vladimir Putin attends a session of the VTB Capital Investment Forum "Russia Calling!" in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - President Vladimir Putin said on Wednesday that Russia was not aiming to stop settling deals using the U.S. dollar, but that instability in dollar-based settlements was forcing many world economies to think about moving to non-dollar settlements.

Speaking at a conference in Moscow, Putin also said that Russia was actively working on a system that would be independent from the SWIFT global payment system, but added that Moscow would not make any sudden moves that might hurt itself.

Reporting by Katya Golubkova and Polina Nikolskaya; writing by Tom Balmforth; editing by Andrey Ostroukh

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