China, India offer Russia barter system for agricultural products

October 29, 2015 Alexander Korablinov, RBTH
Turkey and Iran have also made similar offers.
Despite Russian Minister of Agriculture Alexander Tkachev’s recent announcement that the ministry was introducing a ban on confectionery to Russia as part of the extension of the food embargo, these items do not feature on the list of banned goods. Source: AFP/East News
China, India, Iran and Turkey have offered to use the barter system in the food industry with Russia to avoid transactions in dollars. Source: AFP/East News

China, India, Iran and Turkey have offered to use the barter system in the food industry with Russia to avoid transactions in dollars, Russian agricultural watchdog aide Alexei Alekseyenko told Sputnik News.

“We have been getting suggestions from various countries that accounts should be handled in national currencies, or even using mutual goods, that is the barter system, “Alekseyenko told the news agency. “We’ve had negotiations in Tehran, Ankara, New Delhi, Beijing, and so forth.”

Russia is looking at trading national currencies with China, India and Indonesia.

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