Siluanov did not rule out the transition to national currencies in oil trading

© RIA Novosti / Sergey Mamontovaya in photobacteria Deputy Prime Minister – Finance Minister Anton Siluanov speaks at a meeting of the Council of Federation of the Russian Federation. 20 Jun 2018Siluanov did not rule out the transition to national currencies in oil trading© RIA Novosti / Sergey Mamontovaya the image Bank

Finance Minister Anton Siluanov admitted the possibility of transition to the national currency of oil trading because of the instability of the dollar. He said this on air of the program «Sunday night with Vladimir Solovyov» on TV channel «Russia 1».

«It is not excluded. We have significantly reduced our investment of our reserves in us assets. In fact, the dollar was considered the world currency, it becomes a risky tool for calculations,» he said.

The Minister explained that the authorities are not going to close the American company.

Since the beginning of the year, Russia for two consecutive months was sharply reduced investments in us government bonds in April — 47.5 billion dollars more in may at 33.8 billion. In the end, they fell to 14.9 billion dollars — the lowest since 2007, and Russia withdrew from among the 33 largest holders of US debt.

The Central Bank explained that diversifitsirovat international reserves, taking into account all risks, including financial, economic and geopolitical.

His statement Siluanov made on the background of announcement of the United States on new sanctions against Russia. Washington August 8, announced new restrictive measures because of the «use of chemical weapons in the British Salisbury».

The sanctions will enter into force on 22 August. They will consist of two parts. The first provides for a ban on the supply to Russia of dual-use products. Sanctions are the second wave, which may be 90 days, include reducing the level of diplomatic relations, a ban on flights to USA airline «Aeroflot» and the almost total cessation of U.S. exports.


In the English town of Salisbury on March 4, according to British authorities, poisoned former GRU officer Sergei Skripal and his daughter Julia. London believes that the incident involved the Russian government, Moscow categorically denies it. The US sided with its ally, sending out of the country 60 Russian diplomats.

While the Russian foreign Ministry has accused the British Prime Minister Theresa may in a lie. So, it is argued that the poison Skrobala produced in Russia. However, in the laboratory Porton Down is denied. In mid-may, ex-GRU officer left the hospital, his daughter was discharged in mid-April. She stated that she will return to Russia.

Siluanov did not rule out the transition to national currencies in oil trading© Infografiken sanctions against Russia and retaliatory measures