Phones in exchange for metal and oil? Samsung plans to switch to barter with Russian partners

Samsung Corporation calls barter one of the possible options for trade with its partners in Russia. This was announced by the company's president Sang Zhin Park on the sidelines of the Eastern Economic Forum, Rambler writes .

“Due to currency fluctuations, perhaps in the future we may think about a barter system ... Samsung has not only Samsung Electronics, but also other businesses. These may be internal transactions: we sell electronics and import some commodities for Samsung subsidiaries. For example, you can set the rules and get money from them, ”Sang Jin Park commented on the situation.

In addition, the head of the South Korean corporation announced that the development of this type of system takes time. The fact is that insurance of barter deals is required from either banks or insurance companies.
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As for the possibility of working with national currencies, for now, the president of Samsung Electronics considers this to be premature.