The share of the ruble in payments for exports to Europe has fallen below 50% – Kommersant

The share of the ruble in the Russian Federation’s payments for exports to European countries in December 2023 decreased to 49%. The last time it fell below 50% was in July 2023, reports RBC with reference to data from the Central Bank (CB) on the structure of currencies in payments for exports and imports. In December, when paying for exports from Europe, dollars and euros were paid in 41.5% of cases.

In general, the share of the ruble in payments for exports in December amounted to 36.1%, the share of the dollar and euro – 26.7%, the share of currencies of friendly countries – 37.2%. When paying for Russian exports to the Caribbean, the ruble was ahead of other currencies with a share of 91.7%. The share of the ruble in settlements with Asia was 33.1%, with Africa – 26.6%; the currencies of friendly countries were in the lead in settlements with them (43.4% in settlements with Asia, 70.2% with Africa). With America and Oceania, payments were made more often in dollars and euros – 62.4% and 64.4%, respectively. The share of the ruble in these areas reached 35.2% (with America) and 31.5% (with Oceania).

When paying for imports in December, the total share of the ruble in all directions was 31%, dollars and euros – 28.2%, currencies of friendly countries – 40.8%. The ruble was the leader in settlements with Africa (48.1%), Europe (49%) and Oceania (43.6%). The countries of Asia and the Caribbean were mainly paid in “friendly” currencies – they accounted for 55.5% and 43.3%, respectively, with the countries of America – dollars and euros (56.1%). The share of the ruble in settlements with Asia was 24%, with the Caribbean countries – 38.4%, with America – 35.1%.

The Federal Customs Service reported that Russian exports in 2023 compared to 2022 fell by 28.3%, from $592.5 billion to $425.1 billion. This significant drop occurred due to a collapse in the volume of supplies to European countries. If in 2022 it was $265.6 billion, then in 2023 it shrank to $84.9 billion (minus 68%). The reason was the expansion of anti-Russian sanctions.

Details – in the material “Kommersant” “The share of Asia in Russian exports exceeded 70%”.

Laura Keffer