Share of the yuan in Russia's export revenue exceeded 40% in January

By Rhod Mackenzie

According to the Central Bank's 'Review of financial market risks', the yuan's share in Russia's export revenues rose to 40.8% in January, while in payments for imports it increased to 38.5%.

The report states that 'against the background of a decline in foreign trade volumes in January, the share of the yuan in export revenues increased to 40.8%, and in import payments - to 38.5% (in value terms - $13.2 and $9.1 billion, respectively).'

In January, the Central Bank reported a 3.1 percentage point decrease in the share of ruble transactions in export revenues, down to 32.6%. Similarly, the share of ruble transactions in payments for imports decreased by 0.5 percentage points, down to 31.2%.
According to the Central Bank's 'Review of financial market risks', the yuan's share in Russia's export revenues rose to 40.8% in January, while in payments for imports it increased to 38.5%.

The review states that 'against the background of a decline in foreign trade volumes in January, the share of the yuan in export revenues increased to 40.8%, and in import payments - to 38.5% (in value terms - $13.2 and $9.1 billion, respectively).'

In January, the Central Bank reported a 3.1 percentage point decrease in the share of ruble transactions in export revenues, down to 32.6%. Similarly, the share of ruble transactions in payments for imports decreased by 0.5 percentage points, down to 31.2%.