Most Russian exports have now kicked reliance on US dollar as payment currency ...News

The share of Russian exports settled in US dollars has dropped below 50%. The decline, recorded in the fourth quarter of 2020, reflects Moscow’s policy of cutting the Russian economy’s reliance on the greenback. A significant portion of the unprecedented drop in the use of US currency was recorded in trade with China, according to the data revealed by Russia’s central bank on Monday. More than three-quarters of the trade turnover between the countries are now transacted in the euro. The euro’s share in Russia’s total exports jumped more than 10 percentage points to 36%, the data shows. Also on rt.com

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