The authorities plan to increase the share of settlements in rubles from 20% to 40% by 2025

The government plans to double the share of foreign trade settlements in rubles by 2025, from last year’s 19.5% to 40%. Such a forecast is included in the materials for the final strategic session, which was held with the participation of Russian Prime Minister Mikhail Mishustin on August 30. Vedomosti has the document. The use of national currencies of countries that are neutral with respect to Russia will have to grow almost 13 times from 1.6 to 20%. Thus, it is assumed that 60% of foreign trade will be conducted in currencies other than dollars and euros.

The government representative forwarded the request to the Ministry of Economics. The press service of the ministry confirmed the information. “We assume that the share of settlements in national currencies will increase from year to year. So, in 2021 it was 19.5%, in the second half of 2022 it is predicted 20%, in 2023 – 25%,” he added.