Russia may switch to rubles in trade with Italy

The Italian

A payment mechanism is expected to be ready by February 2024, a lobby representative has said.

The Italian business lobby in Russia is finalizing a mechanism that would allow local buyers to pay for Italian goods in rubles, the president of the Italian-Russian Chamber of Commerce has said. In an interview with RIA Novosti, Ferdinando Pelazzo said the mechanism is expected to be ready by February 14, 2024.

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