Moscow, June 22. Brazil aims to transition to using national… (россия · бразилия · бразильский)
Moscow, June 22. Brazil aims to transition to using national currencies for payments with Russia. The goal of Brazil to use its national currency in transactions with Russia was reported by the country's ambassador to Moscow, Sergio Rodrigues dos Santos, to RIA Novosti.
Consensus
- Brazil and Russia are discussing the use of national currencies in bilateral payments
- The goal is to transition to using national currencies in trade between the two countries
- Trade imbalance is a key obstacle to implementing this arrangement
- Russia and Brazil are negotiating long-term LNG supply agreements
- Both countries have discussed their shared stance on Venezuela's sovereignty and national interests
- The discussion was initiated during a meeting between Russian President Vladimir Putin and Brazilian President Luiz Inácio Lula da Silva in January
Points of divergence
- The Brazilian ambassador stated that there is currently no information about the use of national currencies in bilateral payments, but it is a goal — vesti
- The Brazilian ambassador stated that there is currently no information about the use of national currencies in bilateral payments, but it is a goal — vedomosti
Coverage (2 sources)
- Ambassador Says What's Blocking Russia and Brazil From Using National Currencies — Вести
- Brazil Announces Intent to Use National Currencies in Trade with Russia — Ведомости