로그인




연락처 :
bolle1917@gmail.com

https://sputniknews.com/business/201905071074793077-russian-roublein-brics/?fbclid=IwAR0sfWLt7ejCiyAiOwLSeKtpa34C4XCNghz7l71wlPfMJ_4Kn2MU_ayGeso

Russia and Its BRICS Partners Gradually Abandoning Dollar in Mutual Trade

Moscow has been systematically abandoning various dollar-related assets since Washington began imposing unilateral sanctions against Russia over its alleged role in the 2014 Ukrainian crisis and purported meddling in the US presidential election in 2016 - something which Moscow strongly denies.

Russia has increased the use of its national currency, the rouble, in transactions with BRICS partners Brazil, India, China, and South Africa, increasing the currency's share by 720%, amounting to 9.4% of all transactions over the period between 2013 and 2018, Russian international consulting firm FinExpertiza reported. In total, the rouble was used in $6.3 billion worth of transactions with these states.

The biggest growth in rouble-based transactions was achieved with India, where the Russian national currency comprised 37.2% — an increase of 3,380%. Russia's largest trading partner in the bloc, China, witnessed an increase in the volume of rouble-denominated deals by 520%.

Other BRICS countries have also exhibited growth in the volume of mutual transactions in their national currencies, as well as in euros, with the former comprising up to 4% and the latter up to 9.5% of all transactions between members of the group. The growth was achieved due to a dramatic fall in volume of dollar-denominated transactions — greenbacks now make up 77%, which means a 20% reduction over the course of the last five years.

"An increase in commodity turnover became the driver for switching to settlements in national currencies between the BRICS countries while reducing the share of settlements in dollars", Elena Trubnikova, the chairwoman of FinExpertiza's board, commented on the change.

Russia has been systematically reducing the share of its investments in dollar-denominated assets. Namely, it sold off a significant portion of its US securities, while at the same time actively building up its gold reserves. The shift in the Russian central bank's policy began after Washington initiated a campaign of imposing unilateral sanctions against Russia under the pretext of Moscow's alleged involvement in the Ukrainian crisis in 2014 and alleged meddling in the US presidential election in 2016.

READ MORE: Gold Extends Gains Amid Weaker Dollar, Higher Oil Prices

Washington has failed to provide any credible evidence to substantiate the accusations, which Russia has vehemently denied on multiple occasions.

?

List of Articles
번호 제목 글쓴이 날짜 조회 수
606 [독일/미국] Bundestag Lawmakers Want US Troops, Nukes Out of Germany 볼셰비키 2019.10.26 416
605 [독일/스탈린주의] Stalin’s persecution of German communists 볼셰비키 2019.06.19 13970
604 [독일/참세상] 獨 G20 정상회담, 10만 명 반대 시위...“‘G20’의 세계는 지옥” 볼셰비키 2017.07.10 20
603 [독일/파시즘] German far-right training for CIVIL WAR & collapse of state, intel warns 볼셰비키 2019.04.28 122
602 [독일] RISE OF GERMAN IMPERIALISM AND THE PHONY “RUSSIAN THREAT” 볼셰비키-레닌주의자 2014.12.14 135
601 [동독] 25 years of 1989 볼셰비키 2015.04.28 108
600 [동성애/체첸] Gay men in Chechnya are being tortured and killed. 볼셰비키 2017.04.28 38
599 [러시아 혁명] April in Petrograd 볼셰비키 2015.04.20 349
598 [러시아/CP] Russophobia and the Specter of War 볼셰비키 2018.12.20 190
597 [러시아/ICL] 러시아는 제국주의 국가인가? 볼셰비키 2019.01.08 160
» [러시아/미국] Russia and Its BRICS Partners Gradually Abandoning Dollar in Mutual Trade 볼셰비키 2019.05.08 244
595 [러시아/중동] Russia's Big Guns Go to War 볼셰비키 2016.10.25 39
594 [러시아] Can Russia Learn From Brazil’s Fate? 볼셰비키 2016.10.03 23
593 [러시아] Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine 볼셰비키 2015.02.10 110
592 [러시아] More Than Half of Russians Want New Soviet State - Poll 볼셰비키 2016.06.07 47
Board Pagination Prev 1 2 3 4 5 6 7 8 9 10 ... 45 Next
/ 45