The world either needs more reserve currencies or global rules on economic behaviour to ensure future financial stability, according to Putin.

The Russian PM speaking at an economic forum on the Black Sea said “If the emission centre in Washington is printing money for the whole world and no one is controlling that, it poses a problem” adding “if there is a global agreement on common behaviour rules or several reserve currencies…there will be no danger for the US economy.”

Regarding oil prices, Putin said that countries need to ensure order in the trade of oil futures and other derivatives.