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Russia decides to reduce the dollar deal
14:04 - 02/10/2018
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Information / Baghdad ..
Russian President Vladimir Putin has backed his proposal to reduce the dollar's handling of the Russian economy, the head of VTP Bank Andrei Kostin said Tuesday.
Costin said, "If the president has supported his proposals to reduce the dollar:" In general, yes. "
Costin pointed out that the talk is not about the total abandonment of the use of the dollar. "This is a long-term plan that aims to change global trends, not a temporary immediate solution ... I think it will take at least five years," Kostin said.
In recent months, under US sanctions against Russia and possible additional packages, debate has intensified on the need to reduce dollar trading in the Russian economy. One of the most prominent plans became the plan of the President of the bank "VTB" Andre Kostin, who gave the Russian President proposals aimed at giving up the dollar in international payments and the transition to accounting in national currencies in foreign trade.
The plan also pointed to the need to develop financial markets in Russia in order to attract investors, including foreigners
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