Russia unlikely to ditch dollar and euro completely – top banker ...News

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Russia unlikely to ditch dollar and euro completely – top banker
source : Russia Today ( News ) () 29
Switching to national currencies is a sanctions-induced necessity, not a goal in itself, the head of VTB Andrey Kostin says Russia has been compelled to transition to national currencies in foreign trade due to Western sanctions but will not abandon Western currencies outright, Andrey Kostin, the CEO of Russia’s second-largest bank VTB, said in an interview with RBK news outlet published on Monday. “I believe that, of course, we should not voluntarily abandon [the euro and dollar]. We are not opposed to engaging in exports and imports with Western companies; it was their decision to impose sanctions, not ours. Des

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