Back in 2006, Mikhail Ershov, Principal Director on Financial Studies, Head of the Financial Analysis Department at the Institute for Energy and Finance, proposed switching to ruble settlements for a number of Russian exports and gave an analysis of the possible consequences of this step. An article by Mikhail Ershov (at that time - Senior Vice President of Rosbank) was published in the Expert magazine No. 27 (521), July 17, 2006.
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