SCO & BRICS latest news and insights
— In-depth analysis and comments

The share of the ruble in Russian foreign trade increases dramatically

By Anna Koroleva

In June 2023, Russia received a record share of revenue in rubles from exports to the countries of America and Europe, RIA Novosti calculated based on data from the Central Bank of the Russian Federation. The same situation is observed in "friendly currencies" - for deliveries to...

Russia Eurozone Commodities Trade Ruble Currencies
Dollar trade on SWIFT increases as SWIFT share of Global transactions decreases

By Anna Koroleva

In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...

Trade SWIFT Dollar Yen Euro Ruble Currencies