Russia and Egypt may use rubles in grain trade
Deputy representative of the Russian Federation Victoria Abramchenko said that Russia has taken responsibility for collecting the ruble as part of the payment for the implementation of the implementation. On this day, January 22, reports Russian Embassy in Egypt.
Abramchenko noted that after the successful implementation of a trial error with Turkey on the presentation of the Russian ruble when purchasing in the fall of 2022, in this regard, Russia will begin to discuss with Egypt the possibility of using the ruble when selling.
The qualities of the world’s major wheat importers, purchasing approximately 11-13 million tons. This year in 2021, exporters in Russia (74.5%) and Ukraine (20%) became important exporters. During negotiations with the head of the Egyptian Foreign Ministry Samehom Shukri head of Russian diplomacy Sergei Lavrov confirmed the obligation of Russian exporters to supply the creditor to Cairo.
For the Egyptian side of the supply of wheat to Russia, the problems of the growing food risk and the problems of rising grain prices are especially important: given the objectively existing socio-economic problems in Egypt and large-scale projects, unnecessary spending on the “food front” would be disastrous for the country’s authorities.
Former agency EADaily more details about the peculiarities of the occurrence of Russia with Turkey in the collection of the ruble, as well as the prospects for using the national currency in the calculations: Head of the Ministry of Agriculture of the Russian Federation Dmitry Patrushev announced in May 2022 that the ministry would discuss with the countries of the Middle East and Northern Europe the possibility of switching to ruble settlements for the supply of grain tenders, as well as revising the settlement calculation in order to take action from several European banks.