mo4ch:>Phasing out the dollar: Russia significantly increases ruble share in export settlements with BRICS | Mo4ch News

Russia’s trade turnover with its partners from BRICS – Brazil, India, China, and South Africa – totaled $125 billion last year, according to data from international audit and consulting firm FinExpertiza.Over the five-year period, the country’s share of export settlements in rubles with the bloc’s trade partners increased more than seven times to 6.3 billion in the dollar equivalent, data showed. Moscow also boosted the share of settlements in euro by almost eight times.The share of payments in national currencies between the BRICS nations has also risen by more than three times to $2.7 billion.Also on rt.comBRICS is the future of global economy – South African politician“The share of settlements in dollars between the BRICS countries is systematically decreasing… In general, the share of US dollar in Russian exports to the BRICS countries declined by 20 percent, accounting for 77 percent, or $51 billion,” said the authors of the report.As for the Russian imports, the share of greenba…