Novak: Russia will switch to payments for energy resources in national currencies
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Deputy Prime Minister Alexander Novak said that Russia will switch to national currencies when paying for energy resources and intends to abandon the dollar and the euro.
“The trend has changed a lot in terms of less use of dollars or euros. Taking into account the current problems in settlements with these currencies, in our calculations we are only actually switching to national currencies, the yuan is in demand here, the ruble is in demand,” said Novak in the program “Moscow. Kremlin. Putin.”
He noted that settlements with China for gas and oil are already taking place in Chinese and Russian currencies. He assured that Russia would continue to improve mutual settlements in national currencies.
End of 2022 Novak declaredthat the share of transactions in national currencies will grow in the future, the number of settlements in rubles, yuan, Turkish lira, as well as Indian rupees is increasing.
On the transition of payment for energy supplies in rubles and yuan, Deputy Prime Minister told in November of the same year. Then he noted that, for example, gas supplies between Gazprom and China “are carried out on a parity basis in rubles and yuan.”
Last fall, Russian President Vladimir Putin saidthat Russia and China will use the ruble and yuan in equal proportions when paying for gas. The President noted that the country is trying to get away from settlements in an unfriendly currency against the backdrop of a loss of confidence in the dollar.
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