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Share of settlements in rubles and friendly currencies rises to 65% in 2023

According to Andrey Belousov, the volume of Russian exports to the markets of friendly countries in 2023 increased by 60% compared to 2021 and reached $360 bln

MOSCOW, December 21. /TASS/. The share of settlements in rubles and friendly currencies in 2023 increased to 65%, Russia’s First Deputy Prime Minister Andrey Belousov said on Thursday.

"In 2023, the total share of the ruble and the national currencies of friendly countries will be 65% in payments for the export and import of goods and services. For comparison, in 2021 it was only 22%," he said.

According to Belousov, the volume of Russian exports to the markets of friendly countries in 2023 increased by 60% compared to 2021 and reached $360 bln.

"Starting from 2022, unfriendly countries have been taking consistent actions to create a foreign economic blockade of Russia in order to isolate our country from global markets. This blockade had to be broken, which we did. This is evidenced, first of all, by stabilizing exports. The volume of exports to markets of friendly countries in 2023 exceeded $360 bln, increasing by 60% in physical terms compared to 2021," Belousov said.

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