Oreshkin told how calculations are in foreign trade

Russian banks together with partners provide payments around the world, without the use of the Western financial system said Deputy head of the presidential administration Maxim Oreshkin, RBC correspondent reports.

Five years ago, like many countries in the world, we used the dollar and the euro to support Russian foreign trade. Now Russian banks, together with their partner banks in other countries, various non-banking institutions that use modern digital technologies, provide payments all over the world that work quietly without using the Western financial system.

He called the Western financial system “inefficient and expensive,” which “has a lot of risk.”.