NAIROBI (Sputnik) - A transition to transactions between countries in national currencies will have a "healing effect" on global economy and international trade, Russian Foreign Minister Sergey Lavrov said on Monday.
"This is an objective process, it will gain momentum, and we believe that it will have a healing effect on the world economy, on international trade and economic and investment ties," Lavrov told reporters during his visit to Kenya.
The minister also noted that settlements between Russia and Kenya is still in dollars, as bilateral trade is not that big yet and amounts to less than $400 million as of yet, adding that countries will certainly switch to national currencies in the future.
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