2019-10-04 | 11:45
[size=18]Ross Neft, Russia's largest crude company, has begun to adopt the euro as the base currency for new export contracts, rather than the US dollar.
The news agency " Reuters " documents issued by "Ross Naft", that as of last September, "Ross Naft" to adopt the euro as a currency of payment for the supply of crude oil and products.
A trader at a company that buys oil from "Ross Naft", said that the Russian company has recently moved to the euro in all new contracts, adding that buyers have already been notified of this change.
It is "Ross Neft", the largest oil company in Russia , with sales of about 2.4 million barrels per day, according to estimates, " Reuters ". Over the past two years, Russia has been
working to reduce its dependence on the dollar. In this context, it is reducing the share of the US currency in its international reserves due to the sanctions policy adopted by Washington.