Moscow _ Agencies
Russian Finance Minister Anton Silyanov said on Thursday that the plan to disengage the Russian economy with the dollar was prepared and presented to the Government.
silyanov, also the first deputy Prime minister, told reporters, "we will provide preferential treatment and encourage our participants in external economic activities to use our local currency. "
The plan encourages exporters to gradually shift from the use of the dollar in transactions to the Russian ruble by 2024, and the rouble dealers in their settlements will have an accelerated return on value-added tax, the Minister Said.
The plan will not affect foreign currencies in the Russian deposits with local banks, he Added.
Russian officials have repeatedly proposed a shift from the dollar in favor of the ruble because of the US sanctions on RUSSIA.
The Russian government said in a press statement on Wednesday that it is considering reducing the economy´s dependence on the dollar, including by encouraging trade in the national currency, but they have no plans to completely abandon the dollar Transactions.
Kremlin spokesman Dmitry Pskov said on Wednesday that the US dollar disengagement process would be difficult.
"it´s not a short-term process. They persist with Time. So this is a very long and delicate work. "
Relations between Russia and the West have deteriorated against the background of poisoning a former Russian intelligence agent in Britain earlier this year. London accused Moscow of involvement in the attack, but Moscow denied the Charges.
US President Donald Trump issued an executive order in September to increase sanctions against Russia and put 33 Russian entities and people believed to be linked to the defense sector and intelligence agencies on black Lists.
On the same day of the renewal of the sanctions, US State Department spokeswoman Heather Nuert said the sanctions were "in response to Russia´s aggression in ukraine, annexation of crimea, cyber attacks, interference in the 2016 elections and other harmful activities."
Russia has long denied accusations of interfering in the presidential election and carrying out piracy attacks in the United States.
