VTB has decided to seek the removal of restrictions on the working place with the ruble in China

VTB is working with the regulator in China over the lifting of restrictions on conducting financial transactions with the ruble, said the head of the Bank Andrey Kostin, according to him, the ruble has a chance in the future to become the settlement of foreign money in the country, replacing the dollar in trade with Russia.
" We are currently working with the regulator in China, in order to remove a number of restrictions, as well as among them concerning the work with the ruble - by the volume of transactions, to attract rubles, " - quoted by RIA " Novosti "." Our contacts in the course of this trip with the leadership of the largest credit institutions of China show that they have such an interest too. This is consistent with the intention of China to withdraw yuan Also to a new level, to make it convertible foreign money, " He added. VTB Chairman acknowledged that the Chinese side drew attention to the current reduction rate." The status of the ruble staggered over the last period of time due to its devaluation. And We hear the argument that the ruble, of course, a good settlement currency, But fix its value undermines the authority of our currency, " said Kostin. But, anyway, in his vision, in the future, the ruble could also be estimated foreign money, which would replace the dollar in trade between Russia And China." We are ready to develop settlements in RMB, And in rubles in parallel, " said Kostin. Remember, the first day of the week, the Head of VTB said that the Bank expects to participate in the maintenance of Russian-Chinese contracts for the supply of energy in China, and among them the national currency. In addition, Kostin said that in the near future should not expect the ruble. He Also said that the Chinese capital will not be able to replace Russian companies American or European capital, but Russian businessmen still worth fighting for attracting Chinese investment. Before the first day of the week, the dollar fell below $ 45 for the first time since November 6, continuing to play the statements by the head of the Central Bank of Russia Elvira Nabiullina. CBR 10 November abrogated the mechanism of the exchange rate policy, abolishing the interval of admissible values of the dual currency basket (operating range) And regular intervention on the borders of the specified interval And beyond. The head of the Central Bank, for example, said that the regulator will be published on the foreign exchange market at any time in amounts as are necessary to bring down excessive, speculative demand. Also, According to Nabiullina, the Central Bank will limit the representation of banks liquidity, which is used not only for payment of the economy, But also for " games " on the currency market. Before the first day of the week, the President of the Russian Federation centuries Putin, speaking at the APEC conference in Beijing, said that the financial authorities shall take all necessary measures to stabilize the ruble. The Russian national currency in the autumn is going through another round of decline, losing positions amid heightened geopolitical risks And falling oil prices. In the end, the Central Bank in early October again began to conduct foreign exchange intervention, respectively, raising the border of the currency corridor. Relations between Russia And the West deteriorated in connection with the situation in Ukraine. on 12 September the EU And the US on the background of the progress of the Minsk agreements between Kiev And militias Donbass about stopping the fire entered against Russia fresh penalties against financial, oil And defense industries. Also expanded the list of individuals who are under punishment.


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