Alternative currency in exchange of Russian gas

Alternative currency in exchange of Russian gas

Maxim Orsehkin declared that Russia plans to decrease export of energy in exchange of the US dollar.According to the Minister of Economy of Russia they are looking for alternative currency.

“It may be euro or ruble.Our currency is very stable.Why not use it for international transactions?!”, - Oreshkin said in his interview to Financial Times.

Based on the Minister’s statement, Russia is continuing the policy of “dedolarization” in response to the USA sanctions.The West applied the sanctions against Russia in 2014 after the annexation of the Crimea.

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