Dollar and euro share in payments for Russian exports falls below 20% for the first time

The rouble continues to occupy around a 40% share of exports payments, while the use of currencies belonging to Russia’s international partners (yuan, tenge, rupee, etc.) has grown by 15.6 percentage points to reach 42.4%. The dollar and euro share in payments for exports to Asian countries (accounting for 75% of Russian exports overall) has fallen to 14.7%, compared to a 35.8% share for the rouble and 49.5% for other currencies.

The majority of payments made in April–June involved the rouble, which posted a share of over 40% for the first time, increasing by 12.6 percentage points to hit 42%. Meanwhile, the dollar and euro share dropped to 22.4% (down 13.2 percentage points), while other national currencies are increasingly used and now occupy a 35.7% share, up 0.7 percentage points. In payments for Asian imports (accounting for 66% of Russian imports overall), these currencies have a 48.9% share, compared to just over 37% for the rouble, and 14% for the dollar and euro.

Source: RBC