Dollar’s Role Shrinks as 80% of Russian Export Revenues Shift to Non-Toxic Currencies

Russia’s central financial institution, the Financial institution of Russia, has revealed that over 80% of main Russian exporters’ revenues are actually denominated in rubles and “pleasant” currencies, marking a major shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “poisonous” currencies — specifically the U.S. greenback and euro — dropped […]



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