The share of settlements in national currencies between Russia and SCO countries exceeded 92 percent 11:40

Russian President Vladimir Putin said that the share of national currencies in Russia’s agreements with Shanghai Cooperation Organization (SCO) countries in January-April exceeded 92 percent. His words potential customers Kremlin press service.

“Let me remind you of Russia’s proposal to create its own payment and settlement mechanism in the SCO,” Putin said.

Compared to last year’s results, trade turnover between the Russian Federation and the SCO increased by a quarter. The countries continue to increase cooperation in the fields of culture, science and education, conservation, environment and health.

Recently in Turkey spoke It turned out that the agreements reached in principle regarding trade with Russia in national currencies have not yet been implemented. Economists say that in order for the process to proceed, some clear decisions regarding the ruble and lira must be made.

Before reportedBRICS plans to create a unified platform for payments in digital national currencies.

Previously in the West stated About the beginning of de-dollarization of the world economy.

What are you thinking?

Source: Gazeta


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