This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEF9C057_L.jpg
(Reuters) – Economy Minister Maxim (NASDAQ:) Oreshkin told the Financial Times that Russia is looking at alternatives to the U.S. dollar for energy transactions and is exploring currency settlements in euros and roubles for its energy exports to minimize U.S. exposure.
“We have a very good currency, it’s stable. Why not use it for global transactions?” Oreshkin said in the interview with FT published on Sunday.
“We want (oil and gas sales) in roubles at some point,” he was quoted as saying. “The question here is not to have any excessive costs from doing it that way, but if the broad … financial infrastructure is created, if the initial costs are very low, then why not?”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.