The Russian ruble has made a significant leap, becoming the main currency used for importing goods and services from Asian countries for the first time. This shift marks a major milestone in global trade and highlights Russia's growing influence in the region. According to the Russian Central Bank, the ruble's share in settlements for imports from Asia hit a record high of 43.6% in August, up from 42.9% in July. This means that nearly half of all goods imported from Asian countries are now being paid for with the Russian currency.
What makes this even more interesting is that the ruble has now surpassed the use of currencies from Russia’s “friendly” countries (those not aligned with Western sanctions), outpacing them by 0.6 percentage points. This subtle but significant shift shows that the ruble is taking a leading role in payments for goods and services from Asia.
But that's not all. The ruble has also made gains beyond Asia. It reached a record high of 69.9% in payments f...
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