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Transneft will switch to rubles

At a government meeting chaired by First Deputy Prime Minister Igor Shuvalov with the participation of representatives of the country's largest energy companies (Rosneft, Gazprom and Transneft), held on April 25, it was proposed to switch to the ruble form of payment for fuel supply foreign buyers. The first proposal by Shuvalov was supported by Transneft, which will switch to the ruble instead of US dollars for oil supplies to China. The company itself believes that China possesses sufficient ruble mass to painlessly switch to the Russian currency when paying for oil transportation.

“After the meeting, we came to the conclusion that it would even be beneficial for us to switch to ruble payments. This makes it easier to carry out accounting calculations and solve other issues. The Chinese themselves have the necessary ruble mass to switch to these payments. And, in general, the ruble today in China is a fairly popular currency for carrying out financial transactions ", explained Igor Demin, head of the public communications department of JSC" AK "Transneft"

“The Transneft company is currently supplying 6 million tons of oil to China annually, and this figure will not change in the near future,” he added.

Economist and head of the Neocon company Mikhail Khazin believes that, except for Transneft, none of the energy giants will accept ruble payments.

- It is impossible to introduce it everywhere. "Transneft" can do this, since it already has basic calculations in rubles and it is mainly engaged in transportation, not sale, "Khazin explained. - It is necessary to radically change the internal economic policy, work on its sustainability. In our current situation, countries will not agree to such an innovation, even if they are offered discounts for the volatility of our currency.

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