Russia, Turkey agree to trade in national currencies
Russia and Turkey have signed an agreement on bilateral settlements in national currencies, the Russian Finance Ministry said Tuesday, according to local sources.
The agreement was signed by Russian First Deputy Prime Minister and Finance Minister Anton Siluanov and Turkish Treasury and Finance Minister Berat Albayrak, the ministry said in a statement.
The main goal of the document is to increase and gradually switch to the use of the Russian ruble and Turkish lira for bilateral settlements, create an appropriate financial market infrastructure and increase the attractiveness of national currencies for businesses, it said.
According to the reports, Russia and Turkey intend to organize the interaction of national financial message transmission systems with the subsequent possibility of connecting other countries to these systems, the statement said.