This subject, perhaps, most of all was discussed at East economic forum in Vladivostok. What ways to do without dollar offer? Photo: depositphotos.com "Is possible also in tugriks" — so Vladimir Putin has commented on one of the main subjects of East economic forum — payments in national currencies. It is interesting that in the same day in other part of the world the head of European Commission Jean-Claude Juncker has urged to reduce in Europe dollar calculations including when importing energy carriers that directly concerns Russia. Russia has begun to dedollarizirovat the relations with trade partners about four years ago, and it is impossible to tell that it has made great progress. But now, against the background of new possible sanctions, process goes more and more actively. A striking example — the recent transaction of ALROSA which has sold to China diamonds for rubles. Money was carried out by VTB. It was the direct translation, without participation of dollar, Andrey Kostin: has told at a forum in Business FM interview — ALROSA has opened the account in yuans in our bank in Shanghai. Chinese for party diamonds have paid yuans, and we have transferred to ALROSA rubles, that's all here. We the largest market maker, we sell and we buy daily yuans. — The account in yuans from where ALROSA has yuans? — So I speak, they have delivered goods — diamonds. — Then yuans were transferred to ruble not through dollar any more? — Of course, no. We have taken in the bank yuans in Shanghai, and here have given them rubles. At payments in national currencies three main shortcomings. First, the cost of the main goods is estimated in dollars. And though diamonds have sold through exchange of yuans for rubles, their price has been all the same tied to the American currency. From here the second shortcoming follows: the dollar is a criterion by which the cost of other currencies is determined. Other universal tool was constructed yet. Two parties agree about the price, but then the ruble to dollar falls, and the yuan doesn't. Time of calculations has come: Chinese are happy — they have bought cheaper, and Russians could help out more, but not on the cards. There has to be a fair course between national currencies. A question as to make it. The Minister of Economics Maxim Oreshkin in an interview of Business FM has offered the recipe: to develop the debt markets. For example, banks of Russia borrow in China yuans and vice versa. Maxim Oreshkin the Minister of Economic Development of the Russian Federation "They can issue the obligations nominated in currency in the financial market of other party. They have to provide liquidity in trade that the importer something from China could come to the market and see that to buy yuans for rubles is not more expensive, than to buy dollars for rubles. In this case it with pleasure will be reconstructed gradually on use of national currencies by them. And a certain base already is. At us more than 10% of payments already take place in rubles and yuans". Process goes, and one more fact testifies to it: private banks are connected to payments in national currencies. Rosbank — the Russian division of the French Societe Generale, any sanctions and disconnection from dollars to him aren't terrible. But the chairman of the board of Rosbank Ilya Polyakov has said that he welcomes calculations of the countries in
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