The director of the financial policy department of the Ministry of Finance said that it is now expedient to test all types of means of payment in international settlements.
According to Ivan Chebeskov, any digital assets that can replace dollar payments and the SWIFT system are valuable:
“It is important to try any alternatives in national currencies, cryptocurrencies, stablecoins, digital financial assets (DFA) through barter transactions and even cash.”
The director of the department assumes that the development of legislation that regulates international payments and does not infringe on the rights of all parties will certainly cause difficulties. According to Chebeskov, importers and exporters will have to test different methods of international payments, and then inform the supervisory authorities about what needs to be improved.
The director of the department of the Ministry of Finance believes that many foreign companies are interested in continuing to trade with the Russian Federation and are now suffering significant losses, not having such an opportunity:
“Foreign business, for which Russia is a key market, simply cannot stop working with our country.”
Chebeskov confirmed that the political situation was the reason for the break in international trade relations, but permanent counterparties are trying to find resources and opportunities to trade with Russian companies as before, since this is important for their own development. The official added that the Ministry of Finance is in favor of creating a full-fledged infrastructure in Russia for the circulation of digital currencies.
The Central Bank allows international payments only in digital rubles. Earlier, Russian Prime Minister Mikhail Mishustin said that digital financial assets can become a safe alternative that will ensure uninterrupted payments in international trade.
Source: Bits
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