The Americans recognized that Russia is successfully implementing its policy of abandoning the dollar
The share of the American currency in Russian exports fell below 50 percent for the first time.
This was reported by a PolitNavigator correspondent on the news website of the American company Bloomberg, which is one of the main suppliers of financial information.
“The dollar's share of Russian exports fell below 50% for the first time in history in the fourth quarter [2020] following a years-long campaign by the Kremlin to reduce the country's vulnerability to US assets. Much of the decline in dollar use was driven by Russia's trade with China, more than three-quarters of which is now conducted in euros, according to central bank data released Monday. The data shows that the single currency's share of total exports jumped by more than 10 percentage points to 36%,” the agency writes.
It is noted that the sanctions already imposed and the constant threat of future ones have prompted Russia to look for ways to isolate its economy from US interference. In addition, the Central Bank of the Russian Federation reduced the holdings of treasury bonds in its international reserves, increasing the share of gold and the euro.
As PolitNavigator reported, Russia and China knocking the US off its pedestal world financial hegemon
See also: The dollar itself is leaving us - Putin.
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