Russia, Qatar working on national currency trade - Breaking The News

Russia, Qatar working on national currency trade

7 August

1 min read

EPA-EFE/YURI KOCHETKOV

Russian Ambassador to Qatar Dmitry Dogadkin revealed in an interview with RIA Novosti on Monday that Moscow and Doha are working towards transitioning trade settlements in their respective national currencies.

The matter of switching to the use of Russian ruble and Qatari riyal in trade was discussed during the meeting of Russian Prime Minister Mikhail Mishustin and Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani back in June.

"Amid a difficult global economic situation, mutual trade in January-April reached over 1.5 billion rubles, or almost 70 million Qatari riyals," Mishustin stated. "Coordination of our efforts on the global gas market ensures a balance of supply and demand at a level that suits gas producers and consumers alike," he added.

ruble russia-qatar relations

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