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Oreshkin calls for de-dollarization of trade between Russia and the EU in the energy sector

2019-10-13T10:37:18.784Z

Russian Minister of Economic Development Maxim Oreshkin, in an interview with the Financial Times, advocated the gradual de-dollarization of transactions and the beginning of settlements in rubles and euros between Moscow and Brussels in the oil and gas sector.



“We have a very good currency. She is stable. Why not use it for global transactions? ”Suggested Oreshkin.

According to him, Russian domestic bonds are in demand among foreign investors, who own about 30% of ruble loans, which suggests a possible export of energy resources in rubles.

“There is a negative euro exchange rate, and there is a positive ruble exchange rate with stable and predictable inflation,” the minister explained the advantages of the Russian currency.

Earlier, Russia and Turkey signed an agreement on settlements and payments in national currencies.

RISI expert Mikhail Belyaev, Ph.D. in economics, in an interview with FBA “Economics Today” explained the deepening financial relations between the two countries with the desire to abandon the dollar payments.

Source: russiart

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