Brazil will start using local currencies in agreements with Russia if a suitable mechanism is established. In an interview about this “Izvestia” said Mauro Vieira, head of the Brazilian Ministry of Foreign Affairs.
According to him, payments in national currencies between the two countries have not yet been implemented, but this possibility is being studied.
“We import billions of dollars worth of goods from Russia, and you buy large amounts of goods from our country. This mechanism, which will allow Brazil to pay for imports from Russia and Russia to pay for our goods, will continue to be discussed with the Minister of Finance. [Бразилии Фернанду Аддадом]”said the minister.
Brazilian companies will also pay for gas and oil from the Russian Federation through the national currency mechanism, he said. The diplomat noted that we are talking not only about energy resources, but also about other goods imported from Russia to Brazil.
“The same thing happens if we export a hypothetical $5 billion worth of beef, pork, corn and wheat to the Russian Federation at the end of the year,” Vieira added.
Previously Russian President Vladimir Putin statedIt is stated that more than 90 percent of payments in the Eurasian Economic Union (EAEU) are made in national currencies. According to him, mutual trade volume increased from 45 billion dollars to 89 billion dollars.
Previously reportedIt is stated that Egypt is discussing the possibility of an agreement with Russia on national currencies.
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Source: Gazeta
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