Turkey to buy wheat from Russia in rubles

Turkey will buy wheat from Russia in rubles in line with Ankara’s move to use national currencies in international trade.

ruble

In line with the efforts to further the use national currencies in trade, Turkey will buy wheat from Russia in rubles. According to the statement released by Russia-based SovEkon Analytic Center, Turkey will buy thirty tons of high protein wheat from Russia in rubles.
The statement said that Ankara would pay seventeen thousand rubles per ton for wheat, adding that thanks to the trading in national currencies, parties’ loss in conversion will be fewer.
Previously, President Recep Tayyip Erdoğan said that the country would use national more currencies in international trade with important commerce partners such as Russia. In the June-September period, Russia exported 1.2 million tons of wheat to Turkey.

We also suggest you to read our previous article titled "USDA: Germany to become net grain importer after drought".

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