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[size=36]Moscow and Tehran give up the dollar in trade[/size]
02:35 - 06/02/2019
MOSCOW - The Russian ambassador to Iran said Moscow and Tehran had virtually "extricated" the US currency from bilateral trade and were using the ruble and Iranian riyal in commercial transactions.
"The replacement of the dollar with national currencies in trade with Iran is of vital importance to Russia, and the dollar has been eliminated in trade dealings with the Iranians," Ambassador Levan Djagaryan told TASS.
"We will use the ruble and the Iranian riyal. In urgent cases, we will use the euro if we do not have other options," he said, stressing that banks in both countries could handle this difficult task.
"The mechanism raises more questions than answers, which is a political step aimed at maintaining the nuclear agreement with Tehran," he said.
Russia, in cooperation with a number of countries, including China and Turkey, is working to curb the dollar's dominance over world trade amid growing trade and political tensions with Washington. Russian President Vladimir Putin last year called for giving up the dollar and reducing the dependence of the Russian economy on the US currency.
According to Russian customs data, trade between Russia and Iran increased by 7.5 percent in the first 11 months of last year compared to the same period in 2017 and reached 1.564 billion dollars.
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