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Kostin suggested considering the issue of bonds of friendly countries

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Moscow, February 28 – The head of VTB, Andrei Kostin, suggested thinking about regulating the issue of bonds of friendly countries in Russia – this could become one of the mechanisms for drawing up trade surpluses.
“An important issue that arises in connection with the reorientation of trade flows is their imbalance. For example, Russia’s trade surplus with India is about $30 billion. Trade surpluses can be put into real assets in partner countries. Perhaps more complex mechanisms for example, regulation Issuing bonds of friendly countries on the Russian domestic market, the banker said, speaking at the forum “The Russian Financial System: Tools for Ensuring Sustainable Economic Development.”
At the same time, Kostin added that these issues need to be addressed systematically, because the willingness and ability of economic agents to convert to national currencies depends on their solution.

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According to him, the foreign presence in the financial market will help partially solve the problem of developing trade surpluses, create an additional source of long-term funds in the economy, and improve monetary conditions by increasing the amount of available liquidity.
A branch of VTB Bank on a street in Moscow - 1920, 10/11/2022

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