The four countries are also known to have been opposing the sanctions of the United States on Iran.
At the weekend, Turkish President Recep Tayyip Erdogan said that Ankara was preparing to switch to using national currencies with its trading partners, such as China, Russia, Iran and Ukraine.
"We are at a turning point in the world".
M - Russia sees intentions of the U.S. and the West in general to impede the Astana process for the Syrian settlement, Russian Foreign Minister Sergey Lavrov told Tass after taking part in a session of Turkey's ambassadors and permanent envoys to global organizations. Ankara was also ready for such a move in trade with the European Union, he added. The United States slapped financial sanctions on two Turkish ministers and doubled steel and aluminum tariffs on Turkey over his continued detention.
Angered by the continued detention of an American pastor, the U.S. government imposed sanctions on two cabinet ministers and threatened more. Turkey retaliated on Wednesday with tariffs on certain U.S. goods.
Russian Federation seeks to use national currencies in trade with Turkey but the issue needs to be worked out meticulously, Kremlin spokesman Dmitry Peskov said Monday. The summit focusing on Syria and the wider region will be held in Istanbul on September 7. Increasing sanctions against Russian Federation make the use of local currencies much more convenient as access to USA dollars becomes more hard or in the case of trade with countries such as Iran nearly impossible.
Unfazed by Turkey's escalating economic turmoil, Erdoğan suggested he would snub US-made iPhones in favour of other mobile brands produced domestically or in other countries. "But, objectively, of course, we feel the desire of the West, primarily the United States, but not only it, not to let the Astana process achieve substantive results and portray it as not entirely successful", Lavrov said. He said the Assad government has a right to defend itself against opposition attacks and Moscow will support those operations.