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

Putin's government wants to use the currencies of each country in trade transactions to depend less on the dollar; investments and projects planned by Moscow

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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