Central Banks of Russia and Armenia Discussing Forward Calculations in Rubles

ArmInfo. The matter of  payments for strategicsupplies, particularly for natural gas, is   being discussed with Rusian Side at the level of Central banks of two  countries, Vardan Aramyan, the Armenian Minister of Finance, said to   journalists.  To remind, in September 2015 at the session of the  Eurasian Intergovernmental Board held in Grodno, Belarus, the former  Prime Minister of Armenia Hovik Abrahamyan offered to all the EEU  countries to implement al the payments for strategic supplies in  Russian rubles. "The process is not the one to be completed shortly,  but we included this issue in the agenda. The derivations of USD, AMD  and RR rates mpact ur economy, that is why we offer to pay for gas in  rubles. We  have made a very good offer. We are strategic partners  and EEU partners. Let something be beneficial for Armenia, at last,"  Abrahamyan stated.

According to Vardan Aramya, the most important thing at this stage is  to create a tool needed for industrial entities, to avoid currency  risks. As minister clarified, in opposite case the state  directly   bears the currency derivation related  risks. "It is obvious, that  the industrial entities trust in dollars is much higher than that in  respect to other currencies," the Minister said. 

As Finance Minister  mentioned, there are no exact terms in respect  to final transition to calculations in rubles. First of all the joint  custom area should be formed,with a further capsulation of joint  economy, and just after that it will become possible to discuss ruble  based calculations.