Rejection of the dollar: Russia may agree with Africa
After the US administration began regularly blackmailing the world community with "excommunication" from the dollar, many states began to wonder what and how to replace the "hegemon" in settlements with other countries. And now, the main shareholder of Uralchem, Dmitry Mazepin, who is the head of the Russian-Zimbabwean Business Council, transfers from South Harare, the capital of the Republic of Zimbabwe, until 1980 to Southern Rhodesia (the former British colony).
Mazepin believes that Russia can find a replacement (alternative) to the dollar for settlements with African countries. Moreover, Africa does not mind other currencies. The main thing is that it is convenient.
It is known that VTB, for example, wants to expand its presence on the African continent. In this regard, using a tool such as VTB, you can conduct transactions in the currencies that this financial institution works with. And this is not only US dollars.
Indeed, Russia is making some efforts to facilitate settlements in rubles in foreign trade. And the American sanction policy, this only contributes to and stimulates the process. At the same time, Mazepin added that Russian businessmen periodically experience difficulties when working with African countries.
The main problem is logistics, since not all the states of the continent have access to the sea, and the railway network is not developed. And in order to organize something, you need to “break your head”. The second problem is financial guarantees. The monetary units of many African countries, to put it mildly, raise questions, and the financial situation is far from stability.
Therefore, according to Mazepin, it is necessary to use banking mechanisms and carry out the delivery of goods with deferred payment. Although this raises certain risks that fall on the business. He did not go into further details.
Mazepin believes that Russia can find a replacement (alternative) to the dollar for settlements with African countries. Moreover, Africa does not mind other currencies. The main thing is that it is convenient.
It is known that VTB, for example, wants to expand its presence on the African continent. In this regard, using a tool such as VTB, you can conduct transactions in the currencies that this financial institution works with. And this is not only US dollars.
Indeed, Russia is making some efforts to facilitate settlements in rubles in foreign trade. And the American sanction policy, this only contributes to and stimulates the process. At the same time, Mazepin added that Russian businessmen periodically experience difficulties when working with African countries.
The main problem is logistics, since not all the states of the continent have access to the sea, and the railway network is not developed. And in order to organize something, you need to “break your head”. The second problem is financial guarantees. The monetary units of many African countries, to put it mildly, raise questions, and the financial situation is far from stability.
Therefore, according to Mazepin, it is necessary to use banking mechanisms and carry out the delivery of goods with deferred payment. Although this raises certain risks that fall on the business. He did not go into further details.
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