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Russia and Turkey to trade energy in national currencies

Friday, 9 December 2016


ANKARA – Russia and Turkey are working out a new arrangement for payments in energy trade, Turkey’s Minister of Energy and Natural Resources Berat Albayrak has announced.

Last week, Turkish President Recep Tayyip Erdogan said that Ankara had proposed to Moscow to conduct trade in national currencies. At the same time, a source in the Russian government said that the issue of expanding the share of national currencies in Russia-Turkey trade was not on the agenda.

On Wednesday, Turkey’s Energy Market Regulatory Authority (EMRA) said that the country’s companies would use only Turkish liras in gas tenders.

Source by: Internet

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