We are not on the way. Russia at a record pace reduces payments in dollars
Experts of international audit and consulting network FinExpertiza has estimated that over 5 years punishment in Russia has reduced the volume of international payments in dollars almost 13 %, increasing the share of euros And rubles by 26 And 14 %, respectively. What are the areas the U.S. currency

Experts of international audit and consulting network FinExpertiza has estimated that over 5 years punishment in Russia has reduced the volume of international payments in dollars almost 13 %, increasing the share of euros And rubles by 26 And 14 %, respectively. What us currency will displace the most active in the next few years - in the material of the Fins news .
danger turn off the United States to the Russian Federation from the interbank system SWIFT has led to the fact that Moscow is getting rid of the dollar in foreign trade. For 5 years the proportion of U.S. currency in settlements under foreign contracts decreased to 56 % (388 billion dollars), although only 5 years ago was over 80 %, experts of FinExpertiza.
Displace dollar the Euro And the ruble - their share of total foreign payments was increased to 22 And 20% respectively.
In truth, reducing dollar payments is largely due to a sharp drop in the trade turnover between Moscow And Washington. Last year this figure exceeded 25 billion. For comparison, with China And the European Union the volume of mutual trade - 108 And 294 billion. the analysts emphasize that the share of the ruble in settlements with China's exports rose more than five times, while the share of RMB import - almost nine.
A powerful argument in favor of settlements in national currencies with the major trading partners in the fact that so minimizes the risk of economic losses from exchange rate shocks. For example, in 2018 the gap between the maximum And minimum values of the dollar in Russia amounted to 20, 5 percent, and at the same time, the Euro And the yuan - 16, 6 And 14, 4 percent.
The main agents of settlements in national currencies were made by the largest Russian export organization. In the past year, Deputy General Director of "Severstal" Alexey Kulichenko in conversation, Bloomberg talked about the abandonment of dollar exports, because fifty percent goes to the EU And is now payable in euros.
at the same time the first success, said " ALROSA ". In the last month of summer Authorised the organization said on ruble transactions on the supply of diamonds in China And India.
Not far behind is the largest energy suppliers. In March, "Gazprom export" made dalad about the first ever ruble transaction for the implementation of 80 million cubic meters of gas German NCG terminal, carried out through its own electronic platform.
most analysts believe that in the near future, Russian energy companies will be a key driver of transition to settlements in national currencies. 1st of all It concerns "Gazprom" And the gas pipeline " Power of Siberia ", which is expected to be launched on 1 December. The current contract for 400 billion envisages annual supplies of 38 billion cubic meters of gas to China for 30 years. It will fill the Russian foreign exchange market the yuan And give the opportunity to pay their supplies from China.
Similar trends have been observed in the West, besides here is the most convincing argument - the economic policy of Donald trump. In an attempt to bring down the economy of one of the key opponents of the Iran - trump Even last year banned all people of the world to purchase Iranian oil.
We had China, India, South Korea And most of the others. This was the starting point For the mass rejection of the dollar And the process will only increase.
Consumers of Iranian oil extra inventing schemes of evasion of American sanctions. India agreed with Iran about payment of deliveries in rupees, Tehran, for its part, will pay them for the Indian imports.
The European Union is also interested in trade with Iran, have developed a special interbank communication channel to the SPV is Not controlled by the United States. And, if you believe the head of the European Commission Jean-Claude Juncker, to transfer through it the American currency in the European Union is clearly Not suggesting.
"It is absurd that Europe pays 80% of energy imports to 300 billion Euro in U.S. dollars, when only two percent of our imports comes from the United States," said Juncker in his own annual statement.
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