The Russian port will stop using dollar settlement
- Author:James
- Source:Gold net
- Release Date:2017-09-22
Russia's President Vladimir Putin has ordered the government to approve legislation, and by next year, the major settlement currency in all of Russia's trade in the harbor will be changed from $ 1 to ruble, according to the Russian RT News Network.
It is reported that in order to protect the interests of foreign-funded debt companies, the Russian government will switch to the use of the ruble before the establishment of a transition period.Gorean anti-monopoly regulatory agency FAS director Igor Artemyev said, including state-owned ports, the Russian harbor many other services are still in dollars Settlement.
A year and a half ago, Putin had proposed to convert port tariffs into rubles, but the offer was not welcomed by large transport companies, who said they could still settle in dollars or other countries because of the volatility of the ruble The
However, Al-Jimmyyev said that this decision would force foreign businessmen to buy Russian currencies, which would stabilize interest rates and benefit the ruble.
And before Russia made the decision, Venezuela, which was also sanctioned by the United States, announced that it would use the yuan and other currencies to replace the dollar.
It is reported that in order to protect the interests of foreign-funded debt companies, the Russian government will switch to the use of the ruble before the establishment of a transition period.Gorean anti-monopoly regulatory agency FAS director Igor Artemyev said, including state-owned ports, the Russian harbor many other services are still in dollars Settlement.
A year and a half ago, Putin had proposed to convert port tariffs into rubles, but the offer was not welcomed by large transport companies, who said they could still settle in dollars or other countries because of the volatility of the ruble The
However, Al-Jimmyyev said that this decision would force foreign businessmen to buy Russian currencies, which would stabilize interest rates and benefit the ruble.
And before Russia made the decision, Venezuela, which was also sanctioned by the United States, announced that it would use the yuan and other currencies to replace the dollar.