Russian car manufacturers are switching to national currencies in payments with Turkey for supplies of components, a number of companies have announced such plans, Russian Industry and Trade Minister Denis Manturov told Sputnik in an interview
MOSCOW (Pakistan Point News / Sputnik - 04th September, 2018) Russian car manufacturers are switching to national currencies in payments with Turkey for supplies of components, a number of companies have announced such plans, Russian Industry and Trade Minister Denis Manturov told Sputnik in an interview.
According to the minister, Turkish producers "are switching now to transactions in national currencies with great pleasure."
"I cannot tell exactly whether our producers have switched today to purchases in national currencies, because there are many of them, more than a hundred manufacturers. However, at least a month ago, we talked with a number of our producers, they were planning to switch in the near future ... Switching to national currencies is always risk-hedging. The lira has weakened, the ruble has slightly weakened. It would be very comfortable for us," Manturov said, when asked Russian producers had already stated to pay in Turkish lira for supplies of car components.
