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Russia does not see prospects for use of national currencies in trade with Turkey — source

December 05, 2016, 21:17 UTC+3 MOSCOW

Such an issue is not particularly discussed "in practical sphere" in relations between Russia and Turkey, a source says

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MOSCOW, December 5. /TASS/. Russian authorities do not see broad prospects for use of national currencies in economic ties with Turkey but such demand exists in certain spheres, a source in the Russian government told reporters on Monday.

Such an issue is not particularly discussed "in practical sphere" in relations between Russia and Turkey, the source said. "Natural limits exist for use of the Turkish national currency - for tourism and construction servicing, but [no prospects] are foreseen for wide settlements - gas, etc.," the source added.

Russia is ready to broaden the range of national currencies use with all countries and no legislative, legal or technical restrictions exist to do so with Turkey. "Everything depends on economic feasibility," the source said. "We cannot force our economic operators to accept Turkish monetary units instead of dollars or euro," the source added.

Turkey’s President Recep Tayyip Erdogan said earlier he had made a proposal to Russian President Vladimir Putin concerning the transition to use of national currencies in trade. A similar proposal was made to leaders of China, Erdogan added.

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