Abandoning dollar makes electronic goods cheaper in Russia – Izvestia ...News

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Abandoning dollar makes electronic goods cheaper in Russia – Izvestia
Most payments for imports of such goods in 2023 were made using yuan and rupees, according to the outlet Russian importers of electronics have nearly completely abandoned the US dollar and euro in settlements with foreign vendors and distributors, Izvestia reported on Monday, citing an industry source. A manager of one of the country’s electronics manufacturers told the outlet that nearly all purchases in 2023 were paid for with Chinese yuan and Indian rupees, as well as with the national currencies of other developing countries. One source, who asked not to be identified, told the Russian paper that replacing dol

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