The Government of the Russian Federation has approved a list of foreign banks that will be admitted to trading on the Russian foreign exchange market, as well as on the derivatives market. The order was signed by the Chairman of the Government of the Russian Federation Mihail Mishustin, according to the Cabinet of Ministers website.

It is clarified that the list includes credit organizations and brokers from more than 30 countries, including banks of Turkmenistan.

This decision is aimed at increasing the efficiency of the mechanism for direct conversion of national currencies between countries, as well as the formation of direct quotations to the ruble to meet the demand of the Russian economy for settlements in national currency, the source notes.