Russian Finance Minister Anton Siluanov said that in the event of a complete ban on exports from European Union countries to Russia, it will be possible to buy goods from friendly countries.
Speaking at the “Knowledge Marathon” event today, Monday, Siluanov said: “The European Union countries are calling for a ban on exports to our country. Good, they think that we can only buy goods from them. The same goods, perhaps with better quality, we will buy them from friendly countries if necessary.”
The Russian minister stressed that the European Union has already exhausted the possibilities of imposing sanctions that would harm Russia, pointing out that the world is now in the first acute phase of changing the economic system.
Trade between Russia and China:
He pointed out that more than 70% of settlements in trade between Russia and China are done in national currencies, and he said: “If we look at the structure of trade between Russia and China, more than 70% of them are done in national currencies.”
He stressed that settlements are made in the ruble and the Chinese yuan, which is beneficial for both parties, and the Russian Finance Minister added that this indicator was a year or two ago at 30%.
After Western countries imposed sanctions on Russia in connection with the military operation in Ukraine, Moscow decided to turn east and give impetus to its relations with Asian countries, including China, India, and Middle Eastern countries.
This article was originally published by RT.