Economy

Africa has reduced the use of the ruble in payments for Russian exports

During July, African countries practically stopped paying for Russian exports in rubles. According to the Central Bank's statistics, the share of the ruble in payments for Russia's exports to Africa fell to 12.7% during the month compared to June, when it was 48.3%.

Africa has reduced the use of the ruble in payments for Russian exports
Фото: коллаж RuNews24.ru

As RBC notes, this happened against the backdrop of the falling ruble. Thus, the use of "friendly" currencies in the process of payment for exports, including yuan, increased 78.8%. Experts note that this has become the highest level since January 2021.

The publication also writes that the share of "unfriendly" currencies, in particular the dollar and the euro, fell to 8.5% (12.6% in June and 58.9% in May).

This indicator has been falling since February 2023. However, the trend can change: some months the indicator was equal to 20-30%, in other months - 50% or more.

Earlier, the Russian government said that it was considering a ban on fuel exports or an increase in export duties.

Author: Наталья Чудесатова

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