Russia’s foreign trade could see a larger share of the ruble and other national currencies in the coming year, influenced by strategies outlined by Prime Minister Mikhail Mishustin. The discussion occurred during a session focused on strengthening foreign trade activity and overall economic momentum, as reported by TASS citing the prime minister’s remarks.
According to Mishustin, the share of national currencies in international agreements is expected to climb to about 65 percent by the end of 2024, reflecting a deliberate move away from dependency on foreign settlement currencies.
He noted that the increase could approach 70 percent when deals are conducted with partners that align with Russia’s economic framework. The prime minister spoke at a conference on foreign trade strategy, emphasizing that the growth in national currency usage is part of a broader effort to bolster the country’s economic resilience.
Looking ahead, Mishustin stated that by 2030, national currencies could account for 80 percent or more of agreements with foreign partners. He described the construction of a financial system that operates independently of Western influence as a critical objective for long‑term stability and growth.
The prime minister also called for expanded use of the Mir payment system and stronger insurance support within foreign trade contracts. He summarized that these measures would stimulate economic growth and generate new jobs across Russia.
Earlier, analysts had provided forecasts about the dollar exchange rate extending into mid-December, while the government highlighted continued growth in trade turnover with friendly nations as part of the strategy.