Left Menu
Development News Edition

Russia exploring currency settlement in euros, roubles for energy exports - FT

Reuters | Updated: 13-10-2019 10:44 IST | Created: 13-10-2019 10:31 IST
Russia exploring currency settlement in euros, roubles for energy exports - FT
Representative Picture. Image Credit: StoryBlocks

Economy Minister Maxim 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 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?"

Also Read: Russia rolls out the red carpet for Huawei over 5G


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

Malta police arrest former PM's chief of staff in money laundering probe

Malta police arrested Keith Schembri, who was the chief of staff of former Prime Minister Joseph Muscat, early on Tuesday as part of an investigation into money laundering of funds derived from kickbacks on sales of Maltese passports. Schem...

Inquiry opened into Luis Suárez's Italian language test

Authorities are investigating whether Barcelona striker Luis Surez was illegally helped to pass an Italian language exam last week in order to receive a European passport that could help him transfer to a new club. While Surez is not under ...

Centre spent Rs 393 cr on Beti Bachao Beti Padhao scheme ads since 2014: WCD

The Centre has spent Rs 393 crore since 2014 for advertising the Beti Bachao Beti Padhao scheme that aims to improve child sex ratio, the Ministry of Women and Child Development told Rajya Sabha on Tuesday. According to data provided by Wom...

Longview tea estate in Darjeeling to reopen on Wednesday

Longview Tea Garden in West Bengals Darjeeling district will resume its operations from Wednesday after the management of the estate has agreed to clear dues of its workers, an official said. The management of the garden, which employs arou...

Give Feedback