The Bank of Russia has recently seen a deterioration of the situation in foreign trade agreements of domestic enterprises, Central Bank governor Elvira Nabiullina said at a press conference. This was reported by a socialbites.ca correspondent.
According to Nabiullina, given the current situation, an increasing number of alternative payment methods are being developed. The Central Bank actively participates in the negotiations and considers these decisions together with the business world.
Nabiullina noted that, for example, the regulator sees prospects in the use of digital financial assets and the development of payments in central banks’ digital currencies.
“But of course the main direction is payments in national currencies,” he said.
The Central Bank governor also added that emphasis was placed on the use of independent infrastructures for settlements and the development of the correspondent relations system.
Before that, Russian Consul General in Istanbul Andrey Buravov reportedIt was stated that due to the problems experienced in Russia’s payments in Turkey, Moscow and Ankara are actively working to create alternative payment mechanisms.
Turkish banks at the beginning of February become Closing of accounts of Russian legal entities and increased requirements for individuals from Russia.
Russians before saidHow to withdraw money from a foreign bank when an account is blocked.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.