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Sanctions Squeeze Russia on USD Payments to Shanghai Cooperative

Sanctions Squeeze Russia on USD Payments to Shanghai Cooperative

SCO will likely switch to mutual settlements in national currencies in response

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VBL
Oct 31, 2024
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Sanctions Squeeze Russia on USD Payments to Shanghai Cooperative
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Special Representative: Russia because of sanctions is difficult to pay membership fees to the SCO budget

Translated from Russian

Special Representative of the President of Russia for SCO cases Bakhtiyor Khakimov said that the Russian Federation faces serious difficulties in transfering membership fees to the budget of the organization. According to him, …

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