Russia and Bolivia have established settlements in national currencies

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Federal News Agency |  Stepan Yatsko
Federal News Agency | Stepan Yatsko

Ambassador of the Russian Federation to Bolivia Mikhail Ledenev announced the introduction of money circulation in mutual settlements between Russia and Bolivia in national currencies. Such a decision will significantly reduce risks and facilitate the work of Russian companies with Bolivian partners under sanctions.

According to RIA Novosti, the diplomat noted the extremely important role of the activities and efforts of the embassy in the development of bilateral banking cooperation between the countries. Back in 2022, consultations began in the form of a video link between the leaderships of the central banks of Russia and Bolivia. The agreements reached resulted in the opening of direct correspondent accounts in national currencies between Gazprom and Union banks.

Ledenev emphasized the importance of such a step. He also announced the reduction of barriers to the work of Russian companies due to this action.

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