In the Russian Federation, it was proposed to conduct settlements with African countries and in cryptocurrency

[Артем Леонидов]

The head of the Russian Chamber of Commerce and Industry, Sergei Katyrin, sent a letter to Prime Minister Mikhail Mishustin that national currencies and cryptocurrencies should be used in mutual settlements and payments with African countries.

Katyrin also suggested establishing a specialized export-import bank, as well as a trust fund to support the export activities of small and medium-sized businesses in African countries.

In addition, he considers it necessary to create free trade zones, encourage investment and mutual protection of capital investments.

The letter contains a proposal to the Ministry of Finance and the Ministry of Industry and Trade, together with the Ministry of Economic Development, to work out the issue of counter trade (barter) and a system for accounting for external and internal payments, including cryptocurrencies.

Katyrin explained that in the context of the negative transformation of trade and economic relations on the part of the "collective West", it is important to develop cooperation in friendly areas.

Source: https://www.autoparus.by/publication/62468