State Development Corporation VEB.RF made the transition to rubles and does not make transactions in dollars and euro anymore, its CEO Igor Shuvalov said at the meeting with President Vladimir Putin on Tuesday, Kremlin website reports.
"We shifted to ruble transactions exclusively. We also use other currencies of friendly states but we do not perform transactions with the euro and the dollar anymore," Shuvalov said.
VEB provided guarantees to commercial banks amounting to 1.35 trillion rubles ($22.6 bln) in favor of commercial banks on the instruction of the president, Shuvalov added.
