Ulyukayev: Russian ruble may be used in militia-controlled parts of Ukraine
MOSCOW. Nov 17 (Interfax) - It would be "technically possible" to organize the use of the Russian ruble in the self-proclaimed Donetsk People's Republic and Luhansk People's Republic if they are under a economic blockade, Russian Economic Development Minister Alexei Ulyukayev said.
"Is it possible to create an effective bi-currency system for the entities that are called the unrecognized Luhansk People's Republic and unrecognized Donetsk People's Republic? Undoubtedly, this is technically possible - we have examples. We have the example of Transdniestria, where the Russian ruble is used, where [ruble] deals and payments are carried out," Ulyukayev told the Ekho Moskvy (Echo of Moscow) radio.
"But, of course, it's ineffective, it's complicated, inconvenient, and is best to avoid. But for dealing with day-to-day situations it'll probably be possible," he said.
