Russia and Vietnam ditching dollar in trade – banking major ...News

Russia Today - Economy
Russia and Vietnam ditching dollar in trade – banking major
source : Russia Today ( News ) () 94
Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year, Olga Basha, VTB’s head of international settlements, told RIA Novosti ahead of the investment forum Russia Calling 2023. Basha noted that settlements conducted in ruble and dong between the two countries have quadrupled. “In Vietnam, we are market makers with all the payments for the ruble-dong pair going through our joint bank,” the executive at Russia’s second-biggest lender said. According to Basha, the Russian bank recorded a

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