A new payment mechanism could come into effect within months, a lobby representative has said Russian buyers should be able to pay for Italian goods in rubles, and the Italian business lobby in Russia is working on a mechanism to achieve this, the president of the Italian-Russian Chamber of Commerce has said. In an interview with RIA Novosti, Ferdinando Pelazzo said that trade in unsanctioned goods such as wine and clothing has been made difficult by financial restrictions on Russia, including the disconnection of its banks from the SWIFT international financial messaging system. “We want to create a system that w
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