The shift to consensus in national currencies has become a modern macroeconomic trend due to the policies and multiple sanctions of the West. About this news agency REGNUM declaration Russian University of Economics, World Financial Markets and Fintech Department Associate Professor GV Plekhanov Maksim Markov.
“This is particularly true within the framework of the various trade and monetary unions and associations that include the EAEU. The use of national currencies in interstate agreements increases the role of the country’s economy, whose currency is used in agreements in the international economic arena.
According to him, the use of settlements in national currencies helps to increase trade turnover. However, this can only happen if there is a transparent mechanism for currency conversion. In addition, the possibility of EAEU countries to make payments without SWIFT under current conditions is becoming more and more important.
He added that Russia is constantly threatened with breaking away from SWIFT. Therefore, the Russian Federation should have other opportunities for agreements with EAEU countries for permanent trade.
Earlier on Saturday, Russian Prime Minister Mikhail Mishustin met at the meeting of the Eurasian Intergovernmental Council. declaration75% of settlements in Eurasian Economic Union (EAEU) countries are carried out in national currency. The EAEU includes Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.