Russia is considering the possibility of settlements with Iran in national currencies

© RIA Novosti / Evgeny to Betemporary in fotomancer of energy of Russia Alexander Novak . Archival photoRussia is considering the possibility of settlements with Iran in national currencies© RIA Novosti / Evgeny to Betemporary the image Bank

Russia is considering mechanisms to increase the proportion of settlements with Iran in national currencies, bypassing the dollar, said Russian energy Minister Alexander Novak in interview to «Business FM» in the framework of the Russian energy week.

«From our side, because we do not support sanctions, we believe that we need to continue to cooperate with Iran, we are considering ways to increase payments in national currencies, bypassing the dollar,» — said Novak.

«On Iran, we have calculations on the order of 25-30% in trade and economic turnover between the two countries are in national currencies and not in dollars», — said the Russian Minister as co-chair of the bilateral intergovernmental Commission on trade-economic cooperation.

Russian energy week (REN) held 3-6 October. MIA «Russia today» is an information partner of the event.

 

Russia is considering the possibility of settlements with Iran in national currencies© RIA Novosti / Vitaly Podvigina a single dollar

Source