Russian Deputy Prime Minister and Head of the Ministry of Industry and Trade Denis Manturov said that the option of preventing the use of the dollar in international trade could be a clearing mechanism that would be implemented both in national currencies and directly in physical weight. Interfax.
During the plenary session at the Innofood forum, the minister proposed the use of barter programs.
“We are complementary. For example, you don’t have fertilizer – but we do, we give you fertilizer – you give us cocoa beans, etc. Moreover, we do not need to use the dollar,” said Manturov, addressing Renate Miranda, Vice President of the Brazilian Ministry of Agriculture.
Anton Siluanov, head of the Ministry of Finance of the Russian Federation in July 2022 statedHe stated that there is no plan to switch to barter in foreign trade. However, the head of the department also stated that if companies agree on such operations, the Ministry of Finance will not intervene.
According to Siluanov, the ministry plans to transfer settlements in foreign trade to rubles as much as possible.
Previously in China saidThe dollar is losing its position in the global market.