More than half of the goods, which Russia in April and May exported was paid in the laundry. According to the Russian Central Bank, the share of Russian laundry in the payments for Russian exports first was exceeded 50% at the beginning of this year.
Moscow and many of its trade partners have strengthened the efforts to reduce the exposure to the Western financial system since the main Russian banks excluded from Swift 2022. year as part of the sanctions associated with Ukraine.
Banks and companies sought to use alternative financial and banking platforms and more and more in trade use national currencies.
In May, 52.4% of export payments accounted for, which is slightly more than 52% in April, because Moscow accelerated its distance from the Western currencies under pressure from sanctions. Both Mieseca for the first time that the laundry exceeded 50 percent in all major trade regions.
– It is noticeable that the increase in payment in liners coincides with reducing the use of currencies from the so-called “friendly” countries – said Tatjana Beljančikova, a professor of finance at the Russian Economic University “Plehanov”.
It noted that trade partners, except those who use the world’s world currencies such as US dollars or euros, are increasingly preferring laundry to avoid conversion costs and provide better conditions, eKapija.
The oceania was leading with 94.2% export payments in the laundry, the Caribbean with 92.1% and Africa with 84.6%. Europe has reached 59.8%, and North America 51.9% of payment in liners.
Domination Lingerie and movement to national currencies are still more pronounced in trade with neighboring countries and key partners. Almost 90% of trade with neighbors were performed in national currencies by the end of May and reached the trade with China, 95% back in 2024. year, according to the Russian Central Bank.
Analysts say that the data confirms the accelerated effort of Moscow to give up the dollars, while sanctions change global financial flows, and strategic partners are increasingly adopting in the lingerie to bypass restrictions.
