Ministry of Finance will support de-dollarization with economic incentives

by time news

“Our, perhaps, the first goal” is to make Russia a Europeanized country so that the dollar is replaced by the euro, Dmitry Timofeev, director of the Department of Control over External Restrictions of the Ministry of Finance, told the State Duma yesterday. According to him, there is every reason for this, but incentives are needed. Speaking about incentives, Timofeev suggested that they can be positive, negative and, possibly, some kind of directive methods for state-owned companies. Timofeev’s quotes were transmitted by TASS, RIA Novosti, and Prime.

A couple of hours later, these quotes were canceled – as TASS reported, in connection with the recall of the quote by the speaker. And the Ministry of Finance published its position on this issue: “Difficulties in settlements associated with sanctions are already leading to a gradual transition to other currencies – this is confirmed by statistics over the past five years. The Ministry of Finance of Russia supports such a transition, including creating appropriate regulatory incentives. ” “Naturally, such incentives cannot include any prohibitions – only economic methods,” the ministry stressed.

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