Russia and the EU are discussing the possibility of the expansion of settlements in euros and rubles

Russia is discussing with the European Union (EU) the possibility of the expansion of settlements in Euro or rubles and the number of transactions in Euro has gradually increased, said Russia’s permanent representative to the EU Vladimir Chizhov.

the Dollar remains a powerful weapon in the hands of the United States. In turn, the EU expressed the desire to increase trade in euros, said Chizhov in an interview to RIA “Novosti”.

the Ability to increase the volume of payments in Euro or rubles there. “Of course. This topic is discussed, including at the management level of the Russian government and the European Commission. The dialogue goes. And we are gradually increasing the percentage of transactions in euros,” — said Chizhov.

However, the calculations for oil are in us dollars, as the global oil trade is denominated in dollars. “So in this case it is not so easy, even with the mutual desire of the parties. Moreover, while major European energy companies are reluctant to conduct transactions in euros,” concluded Chizhov.