The share of the foreign trade of Russia, carried out in national currencies, reached almost 80% in 2024. This is more than three times higher than the 2020 indicator, when the share of such calculations was only 25%.
This was stated by Deputy Prime Minister of the Russian Federation Alexei Overchuk at a government hour in the Federation Council.
“in total in 2024, the share of our trade held in national currencies amounted to 79.8%,” said Deputy Prime Minister of Russia.
According to him, China remains the key trading partner of Russia, where more than 95% of the calculations are carried out in the yuan and rubles. With the countries of the Eurasian Economic Union (EAEU), the share of calculations in national currencies reaches 93%, with India – 90%.
Deputy Prime Minister emphasized that restriction of access to the main reserve currencies and international payment and settlement systems revealed the vulnerability of the modern economy and prompted Russia to find alternative solutions.