Date: 9 months ago   Category: Finance

The Ministry of Finance has supported the plan of the head of VTB for dedollarization of economy — Rambler News Service


The Ministry of Finance of the Russian Federation supports the plan of the head of VTB Andrey Kostin for dedollarization of economy and considers that the American currency shouldn't be an element of the Russian business conduct, the Deputy Minister of Finance Alexey Moiseyev has told journalists, his words are cited by RIA Novosti. "Of course, we support. … Nobody offers the ban on circulation of dollar. It is only that the dollar shouldn't be an element of our usual business conduct", - Moiseyev has told. According to the deputy head of department, calculations between the countries have to happen in national currencies, including in the sphere of export of the Russian goods. Moiseyev has also supported minimization of payments in foreign currencies between the organizations in Russia. Last week Andrey Kostin in an interview to Izvestia has told the plan for refusal of dollar. According to the head of VTB, dedollarization is possible, including, as a result of the translation of calculations with the partner countries on other currencies and transfer of legal addresses of the Russian holdings to domestic jurisdiction. Also Kostin considers necessary placement of eurobonds on the Russian platform, refusal of primary depositary in the form of Euroclear and transition on domestic and also licensing of participants of the stock market.

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