Yuzhny ditches the dollar

The Russian Black Sea port of Yuzhny is to make all payments to foreign shipowners, consignors and consignees in euros. Existing payments are made in dollars, which are generating considerable losses.

Port Strategy: Russian port turns its back on the greenback

The Russian Black Sea port of Yuzhny is to make all payments to foreign shipowners, consignors and consignees in euros. Existing payments are made in dollars, which are generating considerable losses.