Date: 10 months ago   Category: Finance

Kostin called inevitable transition to payments in national currencies — Rambler News Service


Photo: Vladimir Astapkovich / RIA Novosti Transition from dollar to national currencies in international payments is inevitable, the head of VTB Andrey Kostin has said in an interview to BloombergTV at East economic forum. "I consider, it is inevitable. There was such situation that the United States use dollar as weapon. I tell not the first about it is it the words of the former head of Bank of France Christian Nuaye. When BNP Paribas was fined $9 billion for violation of a sanctions regime (the truth, was talked of sanctions against Cuba there, but not against Russia), he has told that it is necessary to trade not in dollars, and in oil, euro or some other currency. So I consider that if the USA continues to use dollar as weapon, then it is inevitable not only in Russia, but also in other countries we will see a tendency to withdrawal from dollar. On it can be required years twenty, but this process it will be obligatory to occur" — Kostin has told. He has noted that the last decisions of the U.S. President in the field of foreign trade accelerate process of transition to national currencies. "We observe now, possibly, full disorder of system. Trump has said recently that America can even leave the WTO if membership in this organization contradicts the interests of the USA. But I agree to differ. Recently, speaking in Moscow at a forum, I have told that our position has to be same: if the international organization works not for the benefit of Russia what to us sense to participate in her? Such approach seems to me quite reasonable", - Kostin has told. The head of VTB has also noted a role of sanctions in refusal of dollar in international payments. "Müller's commission tries to find some communication between Russia and Trump, but she has found nothing. Looked for the Russian call girls - instead have found two Americans. There are no communications. For what does this investigation have been begun? It obviously prevents Trump to pursue more constructive policy concerning Russia" — Kostin has told. According to Kostin, now Russia has nobody to conduct negotiations as "even if mister Trump wants to make something to improve the relations with Russia, at him nothing it is impossible". "He is connected by decisions of the Congress. In such situation it is impossible to form new policy. It also creates a set of problems" — Kostin has concluded.

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