The share of “hostile” currencies in payments for Russian exports fell from 87% to 48% in 2022. In this respect knowledgeable Press service of the Bank of Russia on the review of financial market risks.
US dollar and European currency holdings in import payments decreased from 65% to 46%. The share of dollars and euros in Russia’s foreign settlements fell below 50 percent for the first time since 2013. At that time, it was 88.7 percent in exports and 70.5 percent in imports.
At the same time, as of the beginning of 2023, the share of the national Russian currency in export payments is 34%. At the end of 2013, the ruble held 10.2%.
From the review it also becomes clear that the Chinese yuan has become an alternative currency for export payments, in addition to the Russian ruble. At the beginning of 2023, they made up 16%. At the beginning of 2022, the Chinese currency had a share of only 0.5% in export payments.
In the second half of February, Russian President Vladimir Putin sent a message to the Federal Assembly. declarationThe share of the ruble in Russia’s international settlements has doubled compared to December 2021.