The ruble is ahead of other currencies in payments for exports from Russia – Kommersant

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The share of the ruble in payments for exports from Russia to Europe amounted to 49.8%, to Asia – 36.3% in May. In payments for imports, the total share of the ruble reached 64.1%. This was reported RBC with reference to the statistics of the Central Bank.

According to the Central Bank, in May 2023, the total share of the ruble and currencies of friendly countries in payments for exports amounted to 66% against 13% in February 2022. The share of the ruble began to dominate in March 2023, reaching 42%.

According to RBC, the ruble is the main currency in settlements for exports with the countries of Asia (36.3%), Europe (49.8%), the Caribbean (50.5%) and Oceania (47.2%). As a result of May, the share of the dollar and the euro in Asia for the first time yielded to the ruble and the currencies of friendly countries. In payments for exports to Europe, the share of “toxic” currencies is 45.1%, the rest (except for the ruble) – 5.1%. When calculating in America, the share of the dollar and the euro is 81.1%, in Africa – 58.9%.

In payments for imports, the total share of the ruble was 64.1%, the currencies of friendly countries – 35.9%. For the first time, they began to prevail in import payments in November 2022.

According to the Central Bank, the ruble is ahead of other currencies in payments only for imports from Europe – in this direction, its share is 50.1%. The share of currencies from unfriendly countries is 45.9%. In settlements with Asia, the share of the ruble is 21.1%, the share of the euro and the dollar is 29.4%, in other cases, the currencies of friendly countries were used. The dollar and the euro remained the main currencies (74.9%) in settlements with the countries of Africa (58.3%) and Oceania (67%). Payments for imports from Caribbean countries were made in “friendly” currencies – their share reached 77%.

Recently, the Central Bank resumed regular publication of the structure of export and import currencies after a break of a year and a half. Previously, the Central Bank disclosed the shares of currencies in foreign trade settlements without data on specific areas.

Olesya Pavlenko

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