MOSCOW, January 30. /TASS/. Almost 100% of Russia's settlements with key trading partners such as China and India are now conducted in national currencies, Chief Executive Officer of VTB, Russia's second-biggest bank, Andrey Kostin said.
"If we take Russia and its settlements with key trading partners like China and India, we've switched almost 100% to national currencies: the ruble, yuan, and rupee. In the EAEU countries, the share of settlements in rubles is around 90%. Within the BRICS countries, settlements in national currencies, I believe, already exceed 60%. Over these years, we have gradually moved to a payment system that practically does not use the dollar or euro," he noted.
That said, the dollar remains one of the most important means of payment in the world, Kostin added.