Russia is fighting the dollar and shrinking its economic dealings[/rtl]
[rtl]Date of edit:: 2019/8/10 8:30 • 79 times read[/rtl]
In the first quarter of this year, Moscow reduced the volume of dollar trade with the European Union and the BRICS bloc, including China, Russia's leading trading partner.
Russia's central bank data showed on Friday that Russia had reduced US currency trading in favor of other currencies such as the ruble and the euro.
According to the data, the share of the dollar in trade with the BRICS countries (Russia, China, India, Brazil, South Africa) and the European Union fell below the level of 50%.
With the decline in dollar transactions, the share of euro transactions, which rose in Russia's trade with the EU, grew from 34.3% to 42.3%, and with the BRICS from 11.1% to 30.7%.
Interestingly, the share of Russian transactions in euros with China grew from 12% to 37.6%