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Rubles for pesos: Russia’s unusual proposal to boost trade with Argentina

RIO DE JANEIRO, BRAZIL - In an unusual diplomatic strategy, Argentina and Russia are sounding out the possibility of abandoning the dollar as the currency of exchange in transactions and redefining their trade balance to impose the exchange between rubles and Argentine pesos.

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The issue was discussed at the lunch that Alberto Fernández shared last week with a delegation of businesspeople from the Russian Direct Investment Fund (RDIF, Russia's sovereign investment fund), Sovcombank executives, Russian diplomats, and a . . .

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