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Date: 7 months ago   Category: Finances

The Ministry of Finance has supported Kostin's plan for refusal of the American currency


As the Deputy Minister of Finance Alexey Moiseyev has noted, nobody suggests to forbid circulation of dollar, and "the speech only about that" that it "shouldn't be an element of a usual business conduct in Russia" Andrey Kostin. Photo: Mikhail Tereshchenko / TASS the Ministry of Finance supports the plan of the president — the chairman of the board of VTB Andrey Kostin on refusal of dollar. Journalists were reported about it the day before by the deputy head of the ministry Alexey Moiseyev. According to him, nobody suggests to forbid circulation of dollar. "It is only that the dollar shouldn't be an element of a usual business conduct in Russia" — the official has explained. Moiseyev has added that calculations between the third countries have to be perfromed in national currencies, and it is necessary to minimize payments in foreign currencies between the Russian organizations where in it there is no need.

B it the practical sense is, the CEO of investment partnership of "Van Der the Black" Stanislav Mashagin:stanislav Mashagin the CEO of investment partnership of "Van Der the Black" "Says the last two years to work with dollars almost inconveniently all. Both payments are longer, and difficult комплаенс, and all the time some problems. In euro it is much more convenient. But so was, and I think that this tendency has to become stronger also ruble calculations now at last. Let's further everything be contracted in rubles where it is possible, here such here message, a signal. It is verbal intervention. Another thing is that our foreign contractors, especially on goods exchange prefer to be contracted in dollar first of all, on oil products. There's nothing to be done — basis such. But here it is possible to pay off in other currencies on this basis. Well, we quote all the same in dollars as exchange prices dollar. Here you won't get to anywhere. What quicker exchange prices will be in euro or rubles for our goods, it is better for those". Earlier Kostin has presented the plan of refusal of dollar including the accelerated transition in settlings with the foreign states to other currencies, including euro, yuan or ruble, transfer of the largest holdings in the Russian jurisdiction and creation of the Russian depositary for placement of eurobonds to an interview to Izvestia. Whether it will be possible to realize this plan? Opinion of the head of operations of Metallinvestbank in the currency and monetary markets Sergey Romanchuka:sergey Romanchuk the head of operations of Metallinvestbank in the monetary and foreign exchange market "A question in making calculations not in dollars more attractive. As to make it, frankly speaking, not obviously absolutely. It is clear, there is a certain fear that sanctions which will complicate these calculations can be imposed, but after all they look illusive, and is almost improbable in the current situation that they will be applied. The Russian State, first of all the Ministry of Finance, maniacally increases dollar reserves and isn't going to refuse dollar. Though with it it would be possible to make something if they wanted. So the politician is about public finances and state

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