The RF Ministry of Finance stated that it supports the transition from using the dollar in international settlements to using the ruble and other national currencies. The ministry noted that such a transition cannot be accompanied by a ban, but at the same time announced the creation of economic “regulatory incentives”. Earlier, the head of the department, Anton Siluanov, said that the share of the dollar in the National Welfare Fund would be reduced from 35% to zero.
“The Ministry of Finance of Russia such a transition (to national currencies. – “B”) is supported, including the creation of appropriate regulatory incentives. Naturally, such incentives cannot include any prohibitions – only economic methods, ”- stated in a statement on the website of the Ministry of Finance.
The Ministry of Finance’s message came after the head of the department for control over external restrictions of the ministry, Dmitry Timofeev, said that the department supports incentives for de-dollarization. During the hearings in the State Duma, he noted that the goal of the Ministry of Finance is “to make Russia a” Europeanized “country, so that the dollar is replaced by the euro.” “But this requires incentives. Therefore, we support the proposals that exist here on the use of such incentives, on the development of such incentives, “he said (quoted by Interfax).
Earlier, Russian President Vladimir Putin said that Russia does not want to abandon the dollar “as a reserve currency or as a universal means of payment.” At the same time, he noted that some Russian companies relying on settlements in dollars, in particular oil, may be placed in conditions where they have no choice.