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Home Agribusiness

Turkey bought Russian grain for rubles, Abramchenko said

Business in Russia by Business in Russia
in Agribusiness
Putin urged to ensure profit in the agro-industrial complex
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Turkey has successfully completed a deal to pay for grain in rubles, Deputy Prime Minister Victoria Abramchenko said in an interview with RIA Novosti. She noted that Russia has not yet systematically switched to settlements in national currencies, but this has already become a trend. Now the Russian Central Bank is negotiating with the central banks of other countries on the mechanism of such mutual settlements, and this applies not only to food supplies.

“As a last example, I can cite just a deal with Turkey on food supplies, when the payments were made in rubles. The first swallow was successful. Egypt is our largest, yes, and we are also starting to work out such a transition with them, ”Abramchenko said.

According to her, grain and fat-and-oil products are most in demand now. “We are not selling the last one for rubles yet, but we are working on this issue, for us settlements in rubles are one of the priorities,” the Deputy Prime Minister added. In the future, not only Gazprombank, but also Rosselkhozbank will participate in such transactions, the agency’s interlocutor noted. “And even within the framework of those contacts that take place through the UN on the grain deal, on the package solution that needs to be implemented in the interests of the Russian Federation, this is one of the conditions there – the return of the Russian Agricultural Bank to the system of international settlements,” she explained.
In December, Abramchenko said that the first ruble deal with Turkey took place in autumn, the experiment was successful. revising the settlement mechanism to exclude European banks from it.

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