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Putin announced a serious fact about Russian revenues

Putin announced a serious fact about Russian revenues

At the Saint Petersburg International Economic Forum (SPIEF), Putin said:Friendly relations with Russia“Countries deserve special attention when establishing trade relations, because, according to the Head of State, they will determine the future of the global economy, and

It already represents three-quarters of our trade volume

– Tell. He added that Russia would strive to do so Increasing the proportion of settlements carried out in the currencies of the BRICS countries, In reference to the Economic Alliance for Emerging Markets, which includes Brazil, Russia, India, China and South Africa.

He also confirmed that Russian export payments in so-called “toxic currencies” to “unfriendly countries” were halved last year.

At the same time, the share of the ruble in import and export operations is growing, currently standing at about 40%.

Putin said, according to a translation.

A stunning shift in trend is CREA Data It is also being supported in recent months

The largest receiving markets for Russian energy products were China, India and Turkey.

This is how the flow of Russian energy by country has developed on a daily basis in recent years. Source: Crea, Russia fossil tracker

Since the beginning of January 2023, China has imported the most fossil raw materials from Russia (about €115 billion), followed by India with €65.2 billion and Turkey with €46.3 million.

They are the largest importers of fossil energy products from Russia. Source: Crea, Russia fossil tracker

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Cover image source: Shutterstock

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