A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles

The Russian currency reached yesterday, Monday 21 April, the threshold of 81 rubles for one dollar, its highest level since May 2023. Since the beginning of the year, the rouble has appreciated by 38 % against the dollar, even exceeding the gold (+23 %). This increase partly reflects investors' expectations of a possible relaxation of sanctions against Moscow. The United States would be in favour of lifting the restrictive measures in the event …

The Russian ruble has emerged as the strongest currency in 2025 against the US dollar. Its strengthening is due to factors including the weakening strength of the US currency and Moscow's aggressive interest rate policy. Paradoxically, however, such a strong ruble may prove to be a blow to Russian exports and budget revenues.

BRICS launches new payment system to challenge US dollar dominance

Russian Foreign Minister Sergey Lavrov confirmed that the BRICS organization is actively working on the formation of a new payment system. The new mechanism is different from the existing ones and could significantly shake up the financial markets. Lavrov pointed out that BRICS is developing a payment system that will enable all countries to carry out trade transactions without the use of dollars, which would weaken the American currency. Transa…

Russia, an influential member of the BRICS bloc, has just crossed a historic monetary course: in February, more than half of its imports were settled in rubles. This strategic advance, confirmed by the Central Bank, integrates into a net break with the system dominated by the dollar. While tensions with the West are intensifying, Moscow is reorienting its trade towards "friendly" partners, thus redefining global financial balances and accelerati…

A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles - Coin Surges

According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly […] Read Entire Article The post A Blow to the Dollar: Russia Reaches Historic Milestone b…

A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles

According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanc...