China, India offer Russia barter system for agricultural products

China, India, Iran and Turkey have offered to use the barter system in the food industry with Russia to avoid transactions in dollars.

China, India, Iran and Turkey have offered to use the barter system in the food industry with Russia to avoid transactions in dollars.

AFP/East News
Turkey and Iran have also made similar offers.

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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