Russia, Thailand explore possibility of switching to settlements in national currencies
Switching to mutual payments in the national currencies is an important area of focus in relations between Russia and Thailand, Russian Ambassador to Thailand Yevgeny Tomikhin told Russian reporters in the run-up to Diplomats’ Day, Trend reports referring to TASS.
"Not only Russia, but many other countries are discussing that issue", the diplomat said. "We are conducting such negotiations with a number of countries, primarily with those with which we have a large trade turnover".
According to the ambassador, these schemes will be convenient for expanding business cooperation in the future. "This issue is on the agenda in our relations with Thailand," he stressed. "We have a working group tackling the issue of inter-bank cooperation. Its next meeting is expected to be held this year, and I believe that mutual settlements in the national currencies will be one of the focal points", he said.
Tomikhin noted that work was in progress to develop bilateral military-technical cooperation. "Thailand is one of our promising partners in terms of military-technical cooperation," he emphasized. "[We will] try to work with our Thai partners in terms of searching for opportunities to expand this cooperation".
The ambassador noted that Thailand was pursuing an active foreign policy, including with regard to Russia. "I believe that cooperation with our counterparts at Thailand’s Foreign Ministry is very effective. We have established good relationship and cooperation, but we will try to promote cooperation in all areas in the future", he said.