Countries list whose banks can participate in foreign exchange trading has been approved by Russian Government
Foreign banks and brokers from friendly and neutral countries will be allowed to trade on the Russian foreign exchange and derivatives markets. The order approving the list of such states was signed by the head of the Russian Cabinet of Ministers, Mikhail Mishustin.
As reported by the press service of the Russian Government, the list includes over 30 countries. Among them are Azerbaijan, Armenia, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Qatar, China, Cuba, Malaysia, Morocco, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Serbia, Thailand, Turkey and South Africa.
“The decision is aimed at increasing the efficiency of the mechanism for direct conversion of national currencies of friendly and neutral countries and the formation of direct quotations to the ruble to meet the demand of the Russian economy for settlements in national currency,” the Russian Government emphasized.
Author: Veronika Nikitina
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