The government is considering incentives for settlements in national currencies, abandoning the dollar no

© RIA Novosti / Ekaterina to Stuckinarut in fotoreceptor of the government of the Russian Federation Dmitry Medvedev holds a meeting with members of the Cabinet of Ministers of the Russian Federation. 21 June 2018The government is considering incentives for settlements in national currencies, abandoning the dollar no© RIA Novosti / Ekaterina to Stuckinarut the image Bank

The Russian government is considering the issue of reducing the economy’s dependence on the dollar, including through incentive payments in national currencies, but plans to completely abandon the dollar is not stated in the press service of the government, commenting on media publications.

«The government has no plans to abandon dollar payments, a ban on dollar circulation, any other limitations. This is not discussed. However, the government, its financial and economic block are working on the issue of reducing the dependence of our economy on American currency, including by creating incentives and mechanisms for the transition of foreign trade transactions with the national currency. Work in this direction is not linked to any personal initiatives expressed at different platforms and reflects the strategic line of the government», — noted in press service.

Earlier the head of Bank VTB Andrey Kostin has told RIA Novosti that offers a gradual transition to the conclusion of contracts in various industries, including weapons, in national currencies, estimates the duration of such a transition at least five years.

Press Secretary of the President Dmitry Peskov later said that de-dollarization of the Russian economy is a long and meticulous work, however, a certain tendency to increase the use of settlements in national currency is observed now.

On Wednesday, the number of media with reference to the publication of The Bell announced that the Russian government is allegedly developing a project to de-dollarize the country’s economy on the basis of proposals Kostina, and the document in one to two weeks allegedly must approve Prime Minister Dmitry Medvedev.

The government is considering incentives for settlements in national currencies, abandoning the dollar no© RIA Novosti / Vitaly Podvigina a single dollar

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