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Russia has stopped using SWIFT and US dollars in weapon export contracts, Head of Russian Defence Export firm (Rosoboronexport) Aleksandr Mikheev told journalists during Army-2019 forum.
He said that Rosoboronexport is now using national currencies instead of US dollars and emplyos a “closed system” of payments.
According to Mikheev, in 2019, Russia delivered $6bn worth weapons and equipment and signed $7bn worth contracts. It’s expected that a total of around $13bn contracts will be signed in 2019.
