The share of the ruble and friendly currencies exceeded 80% in export calculations in 2024

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The share of the ruble and friendly currencies exceeded 80% in export calculations in 2024
18th of Febuary. /MEDIA TALK/. For the first time, the dollar and the euro formed the lowest part of the currency structure used for payments for the export of Russian goods.

According to the Central Bank's information provided by RBC, the share of American and European currencies was 18.6%, which is 13 percentage points less than the figure of 31.6% last year.

The change occurred against the background of an increase in the share of currencies of friendly countries, which reached 40.2%, compared with 29.4% last year. The Russian ruble remains a leader in export payments, with its share reaching 41.3% in 2024, which is 2.3% higher than the previous year.


Photo: ru.freepik.com

The reduction of the dollar and euro in export payments has been systematically taking place since 2022, when Western countries introduced restrictive measures against Russia in connection with the outbreak of hostilities in Ukraine. This has forced Russian firms to develop alternative methods for conducting cross-border transactions, including the use of local currencies.

Experts note that this trend indicates a gradual decrease in the dependence of the Russian economy on Western financial structures and an increase in economic cooperation with partner countries.

Earlier, we told you that Russia has overcome the shortage of Chinese currency in the domestic market, which arose as a result of US sanctions.
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