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Russia and Mongolia give up payments in currencies of unfriendly states — Deputy PM

According to Victoria Abramchenko, this year trade turnover in national currencies has more than doubled compared to last year

ULAN BATOR, October 23. /TASS/. Russia and Mongolia have given up payments in the currencies of unfriendly countries, Russian Deputy Prime Minister Victoria Abramchenko said at a meeting of the intergovernmental Russian-Mongolian commission on trade, economic, scientific and technical cooperation.

"As for mutual trade [the two countries] have given up settlements in the currencies of unfriendly countries. The vast majority of payments are now made in national currencies or the currencies of friendly countries," she said.

According to her, this year trade turnover in national currencies has more than doubled compared to last year.

The Deputy Prime Minister added that Russia also meets Mongolia’s growing needs for fuel and lubricants at preferential prices. At the end of last year, Russia accounted for more than 80% of all supplies of petroleum products to Mongolia.

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