The share of the rouble in foreign trade settlements has exceeded 50% in both exports and imports, according to data from the Central Bank. This marks the second phase of the transformation of Russian foreign trade under sanctions. In the first phase, up until early 2024, 'friendly' currencies, primarily the yuan, displaced the 'unfriendly' ones, i.e. reserve currencies. However, payment disruptions and the threat of secondary sanctions forced banks and companies to look for alternative solut...
