Currently, a significant part of Russia’s energy supply deals are concluded in the national currencies of the Russian Federation, India and China – in rubles, rupees and yuan, respectively. The gradual move away from the use of Western currencies (dollar and euro) makes it possible to sufficiently strengthen Russia’s financial sovereignty on the background of international sanctions. opens Words of Deputy Prime Minister Alexander Novak TASS.
Recently, the number of countries willing to conclude agreements with Russia in their national currencies has increased. “This allows Moscow’s trade deals to accelerate the pace of transition to alternative currencies to the dollar,” he said.
“An accelerated transition to payments in national currencies is particularly important to strengthen the country’s financial sovereignty. Today, a significant part of the calculations are made in rubles, yuan and rupees. We are seeing an increasing number of countries adopting national currencies with their partners,” Novak concluded.
8 June, Deputy Prime Minister Alexander Novak declarationThat in 2022 Russia received more than 20 applications from different countries for the supply of oil, petroleum products and liquefied natural gas (LNG). In the next thirty years, Asian countries will be the main consumers of energy resources in the world, which will allow Moscow to expand the geography of raw materials supply, taking into account the sharp decline in exports to Western countries.