10.11 Putin: Accounting in Rubles, Yuan Likely, Influence of Dollar Decreasing

BEIJING, November 10 (RIA Novosti) – Accounting in the Russian ruble and Chinese yuan will most likely weaken the dollar’s influence on global energy sectors, Russian President Vladimir Putin said Monday.

“Accounting in rubles and yuan are very perspective. This will mean that while transferring to large-scale work that the influence of the dollar in the global energy [sector] will objectively decrease. This isn’t bad for the world economy, global finances, or global energy markets,” Putin said during his speech at the Asia-Pacific Economic Cooperation summit in China.