The share of the currency has surpassed 50% in all trade regions for the first time, according to the central bank
The share of the Russian ruble in payments for Russian exports surpassed 50% for the first time earlier this year, according to central bank data.
Moscow and many of its trading partners have stepped up efforts to reduce exposure to the Western financial system since major Russian banks were cut off from SWIFT in 2022 as part of Ukraine-related sanctions. Banks and businesses have sought to use alternative financial and banking platforms and increasingly use national currencies in trade settlements.
In May, the ruble accounted for…
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