Russian Deputy Foreign Minister Alexander Pankin said that the Eurasian Economic Union (EAEU) countries reduced the use of dollars in mutual agreements to 21 percent. TASS.
He noted that the issue of increasing the share of national currencies in mutual agreements has been on the agenda of the EAEU since the beginning of the operation of the union.
“During this time, payments in national currencies between countries of the union reached about 75 percent of the total transaction volume, and the use of the dollar fell to 21 percent,” the diplomat said.
Dmitry Volvach, Former Deputy Minister of Economic Development of the Russian Federation declarationHe stated that the EAEU countries have agreed to expand the use of the national currencies of the member states of the union in the implementation of settlements within the framework of mutual trade.
Vasily Koltasov, Head of the Center for Political Economic Studies at the New Society Institute said “Gazeta.ru”, stating that the creation of a new currency within the framework of the Eurasian Economic Union will seriously damage the dominant positions of the dollar and the euro in international settlements.