Russia's finance ministry reveals when de-dollarization plan to be adopted

Russia's finance ministry expects the plan for Russian economy's de-dollarization to be adopted before end of 2018, Russian Deputy Finance Minister Alexei Moiseev said.

Moiseyev said that the de-dollarization plan for the Russian economy is classified as "for official use only" at the development stage, and the government will have to make a decision on its publication, Sputnik reported.

In early October, the Russian government's press service announced that the authorities were working on a plan to reduce the economy's dependence on the dollar.

The government's plan does not detail any restrictions or bans on transactions in dollars; it seeks to stimulate payments in national currencies and create appropriate mechanisms that will allow transactions in any currency without unnecessary losses.