The Clap
Russian Deputy Prime Minister Viktoria Abramchenko announced that Russia plans to accept the Russian Ruble in exchange for its exports to Egypt.
What
Although Russia has not completely switched to accepting all its payments in Russian rubles, they are considering taking this step with Egypt.
So what
Russia had taken the same step with Turkey previously, with Turkey having the option to pay the value of grain exports in Russian rubles. According to Abramchenko, the deal was successful.
Now what
Abramchenko said that Egypt is one of the largest importers of wheat from Russia, which is a key factor if Russia is to accept payment in the Russian ruble.
