First Deputy Prime Minister of Russia Anton Siluanov and Vice-President of the European Commission maroš Šefčovič during the meeting agreed to form a working group to develop practical steps for transition to settlements in rubles and euros.

  • RIA Novosti

It is reported RIA Novosti with reference to the press-Secretary of Andrei Siluanov Lavrov.

“During the meeting, they touched upon issues of transfer of calculations in mutual trade, including energy trade in national currencies — rubles and euros”, — said Lavrov.

According to him, the sides noted that the increased use of national currencies is mutually beneficial, as it reduces the risks for entrepreneurs in Russia and the EU.

“To continue dialogue in this direction Silvanus and Sefcovic agreed to form a working group that will develop practical steps for the transition to settlements in rubles and euros,” added the spokesman.

Earlier, Russian leader Vladimir Putin after talks with Chinese President XI Jinping said that Russia and China will develop the practice of settlements in national currencies.

Head of Department of management theory and business technologies of the Plekhanov Russian University of Economics, Professor, doctor of Sciences Valeriy Maslennikov in conversation with BAFS “the Economy today” praised trade relations between Russia and China and the possibility of calculations of the two countries in national currencies.