Europe resumes ruble trade with Russia

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The ruble has outstripped the dollar, the euro and friendly countries’ currencies in export payments from Russia to the European Union and Asia. In this respect writer RBC with reference to Central Bank statistics.

In May, the share of the ruble in swaps with Europe was 49.8 percent, and with Asia 36.3%. The share of exchanges in the currencies of non-European countries was 45.1%, friendly – 5.1%. In Asia, the figures were 30.2% and 33.5%, respectively.

In imports, the share of the ruble in the agreements made with Europe in the last month of spring was 50.1%, while the share of the currencies of the enemy countries was 45.9%. Almost half of the deals with Asia were transactions using the currencies of friendly countries. The share of the dollar and euro was 29.4%, the share of the ruble was 21.1%.

The article says that the dollar and euro dominate the export and import payments made with the American and African countries.

In March last year, Russian President Vladimir Putin ordered the remittance of payments for Russian gas in rubles. The Central Bank noted a decrease in euro-denominated export deals in its Financial Markets Risk Review. At the end of 2022, the regulator announced a reduction in payments in the currencies of hostile countries, amid “unprecedented” anti-Russian sanctions.

used to be Aksakov saidWhen it is worth waiting for the collapse of the United States.

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