Russia downplays dedollarization, cites 90% national-currency trade with bloc

Kremlin spokesman Dmitry Peskov told Indian journalists that Russia is not pursuing 'dedollarization' but is evaluating alternatives, noting that 90% of transactions between Russia and bloc countries are in national currencies. This signals a pragmatic stance on de-dollarization, likely aimed at reassuring partners while continuing to reduce dollar dependence. The statement may reflect Russia's ongoing efforts to diversify trade settlement mechanisms amid sanctions.