Date: 3 weeks ago   Category: Economy

Manturov has told with whom Russia works on payments in national currencies - RIA Novosti, 9/4/2018


National currencies. Archival photo
MOSCOW, 4 Sep — RIA Novosti. Russia conducts active work on transition to payments in national currencies with the countries of the Middle East, Southeast Asia, Latin America and Africa, has reported in an interview of RIA Novosti the Minister of Industry and Trade Denis Manturov.© RIA Novosti / Alexey Kudenko to Pass into an image bank Russia plans to pass in settlings with partners in VTS on нацвалютыПрезидент the Russian Federation Vladimir Putin said earlier that Russia isn't going to refuse investments into dollars and payments in the American currency, but realizes sanctions risks and tries to minimize them. At the same time Russia for a long time discusses a possibility of payments in national currencies with a number of the countries. "Process this slow (transition to payments in national currencies — an edition), and we have started it not in a format of the answer to sanctions. We conduct this work systemically for several years, have saved up practice and we have experience in a part of work of commercial banks and the Central bank in those countries where it is favorable to us to conduct this work. It to a lesser extent concerns the European countries, more it belongs to the countries of the Middle East, Southeast Asia, even Latin America, Africa" — Manturov has told. "As for the European Union, at us so sharply the situation isn't necessary on the eurozone. We have difficulties connected with passing of payments in dollars therefore in those regions which I have designated work regarding national currencies is conducted actively" — he has added. © RIA Novosti / Alexey Vitvitsky to Pass into an image bank Turkey intends to pass to payments in national currency with Rossiyeyministr didn't begin to call the companies which already deliver the production abroad with payments in national currencies, however has specified that first of all such need arises at large business as it is the purpose of sanctions of the USA. In general a share of transactions of the Russian industrial companies which are carried out in national currencies, according to Manturov, "still insignificant". "I would be happy if we could realize such level (in 50% of transactions in national currencies — an edition), but I am afraid that up to 50% of all our volume of deliveries of hi-tech production, or in general if we speak about non-oil and not power export, is rather high level. Especially as we don't refuse the European market and from American including. Colleagues get that it is necessary for them, and that it is favorable to them for replacement of the requirements" — the Minister of Industry and Trade has noted. Read the full text of an interview>>

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