{"id":150109,"date":"2025-08-19T18:00:03","date_gmt":"2025-08-19T15:00:03","guid":{"rendered":"https:\/\/ldaily.ua\/?post_type=news&#038;p=150109"},"modified":"2025-08-17T18:29:47","modified_gmt":"2025-08-17T15:29:47","slug":"u-rosiyi-chastka-tinovyh-rozrahunkiv-za-eksport-perevyshhyla-53","status":"publish","type":"news","link":"https:\/\/ldaily.ua\/en\/news\/novosti\/u-rosiyi-chastka-tinovyh-rozrahunkiv-za-eksport-perevyshhyla-53\/","title":{"rendered":"In Russia, the Share of Shadow Settlements for Exports Exceeded 53%"},"content":{"rendered":"<p data-start=\"71\" data-end=\"349\">The share of the ruble in payments for Russian exports reached a record 55.5% in June, according to the Russian Central Bank. For the first time on a quarterly basis, the ruble\u2019s share in export settlements exceeded half, standing at 53.3%, <em data-start=\"320\" data-end=\"338\">The Moscow Times<\/em> reports.<\/p>\n<p data-start=\"351\" data-end=\"682\">An estimated 40% of this increase stems from the need to bypass sanctions. Settlements have become more complicated as the U.S. threatens secondary sanctions against banks in countries helping Russia, forcing a shift to national currencies as a last resort. Payments in such currencies are less visible to Western regulators.<\/p>\n<p data-start=\"684\" data-end=\"1096\">To maintain foreign trade, Russia has built a separate infrastructure\u2014effectively an alternative international payments system. It operates in two parallel circuits: inside Russian banks, payments are made in rubles, while in foreign banks they are processed in yuan or other currencies. Where possible, these flows are closed: rubles collected from Russian importers are redirected to pay for Russian exports.<\/p>\n<p data-start=\"1098\" data-end=\"1307\">According to the Central Bank of Russia, exports amounted to $32.8 billion in June, $100 billion in Q2, and $196.1 billion in H1 2025. The ruble\u2019s share in export settlements in Q1 was 46.5%.<\/p>\n<p data-start=\"1309\" data-end=\"1545\">Thus, roughly 40% of shadow settlements in rubles for Russian goods and services could equal about $13 billion per month, $40 billion in Q2, and $31 billion in Q1. Combined, this totals $71 billion over six months.<\/p>\n<p data-start=\"1547\" data-end=\"1922\">Most settlements are now carried out in rubles in the \u201cdomestic circuit\u201d and in foreign currency in the \u201cexternal circuit.\u201d The ruble\u2019s share rose mainly due to a decline in the share of \u201cfriendly\u201d currencies, which in June dropped below 30% (29.9%) for the first time in two years. Before the war, their share was about 2%. \u201cUnfriendly\u201d currencies accounted for 14.6%.<\/p>\n<p data-start=\"1924\" data-end=\"2143\" data-is-last-node=\"\" data-is-only-node=\"\">In import settlements, the ruble has made up more than half since December 2024, hitting a record 54.6% in Q2. Analysts at Raiffeisenbank describe this as a key factor behind declining demand for foreign currency.<\/p>\n","protected":false},"featured_media":150110,"menu_order":0,"template":"","newscat":[9],"newstag":[31525,31526,31524],"issues":[],"class_list":["post-150109","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-sanctionseconomicsanctionssanctionsagainstrussiaglobalsanctionssanctionpressuregeopoliticalrisks","newstag-sankczyykonomycheskyesankczyysankczyyprotyvrossyymezhdunarodnesankczyysankczyonnoedavlenyesankczyyyvlyyanye","newstag-sankcziyiekonomichnisankcziyisankcziyiprotyrfglobalnisankcziyisankczijnatyskmizhnarodnisankcziyi"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/150109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/150110"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=150109"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=150109"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=150109"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=150109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}