Russia Considers Replacing US Dollar Reserves With Digital Assets – MFA Russia


The Ministry of Foreign Affairs (MFA Russia) is looking at replacing the United States dollar with traditional fiat currencies and also digital currencies. Aleksandr Pankin, deputy minister of Foreign Affairs of Russia explains the country’s plans to reduce the U.S. dollar share in Russia’s international reserves and usage in settlement with foreign partners, it will also help them avoid challenges caused by sanctions from the U.S. government