In an attempt to circumvent the impact of US sanctions and to expand its market-share across a wide-range of industries, including defence, Russia is considering trade in the currencies of its customers. The move, if brought to fruition, would essentially spur bilateral…
During the 2018 International Military-Technical Forum “Army 2018”, which took place in Moscow, Russia in August 2018, Russia’s commercial trade agency for defence Rosoboronexport announced that it would consider trading in the local currencies of its customers.[1] Rosoboronexport’s head, Alexander Mikheyev, stated:…