(Source: http://ukrday.com)

The Turkish Government considers it possible to convert the settlements on large investment projects with Russia to national currencies.

This was stated by Deputy Minister of Economy of the Republic Adnan Yildirim, as TASS reports. “We would like to see the settlements in roubles and liras to be introduced, at least, on largest investment projects of Russia and Turkey” - the agency quotes his words. The official added that Turkey expected reciprocal steps from the Russian Ministry of Finance.

According to the vice-president of the Chamber of Commerce and Industry of the Russian Federation Georgii Petrov who participated in a meeting with Adnan in Moscow, the settlements in roubles and liras should be introduced “step by step and in separate fields”.

For example, the transition to roubles is now being discussed for Russian tourism, as Petrov said. On February 18 it became known that the Ministry of Tourism of Egypt approved the decision on the introduction of mutual settlements with Russia in roubles. According to the Minister Mohamed Salem, the Egyptian authorities are going to “do everything possible for the comfort of the Russians”.

On January 14 the Federation of Indian Export Organizations (FIEO) sent the plan providing for a conversion of settlements with Russia from dollars to rupees to the Ministry of Industry and Trade of the Russian Federation. Exporters believe that such a mechanism will let them get rid of the risks associated with the fall of the rouble.

In December 2014 the Prime Minister of Kazakhstan Karim Massimov offered to the members of the Shanghai Cooperation Organization (China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan) to switch to national currencies in settlements with each other.