Russia and Syria are discussing switching to payments in national currencies as part of their growing economic and trade cooperation. “Izvestia” A representative of the Syrian Embassy in Russia said this.
“Meetings and consultations are ongoing between representatives of the central banks of Syria and Russia on the acceptance of national currencies (Syrian pounds and Russian rubles – socialbites.ca) in all financial and commercial transactions,” the statement said.
The newspaper notes that countries subject to Western sanctions are trying to avoid payments in dollars and withdraw their assets from the US and the EU. These states are starting to make payments in national currencies and are creating alternative payment systems. Russia is actively using such programs in its relations with both the CIS and Asian countries.
Russian President Vladimir Putin noted that more than 90% of transactions within the Eurasian Economic Union (EAEU) are carried out in national currencies. For example, about 90% of payments between Russia and China are made in rubles and yuan. Moscow has also started this process with Vietnam, switching to payments entirely in national currency with Iran.
Russia and Azerbaijan started earlier to dispute Transfer of payments to national currencies.
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Source: Gazeta
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