Part of the dollar in payments for Russian oil and oil products was reduced to 5% from 55% before the war began.
West penalties against Russian banks and oil companies that are almost fully supplied by Russia from world oil trade every dollar. This has been proven by the data of the Ministry of Energy of the Russian Federation, Rossmi reports.
Part of the dollar (the main global currency, which costs half of all global calculations) in payments for Russian oil and oil products fell to 5% from 55% before the war began. The Euro component was reduced to 1%, although before the invasion of Ukraine it reached 30%.
Generally, the dollar and the euro in the export of Russian companies revenue only make up 13.4% – at least in the history of observations. In July, out of the $ 38 billion income of economic export, only about $ 5 billion arrived in the country in the form of dollars and euros. For comparison: In 2013, part of the world’s major trade currency in Russian exports reached 90%. And their flow is about $ 40 billion monthly.
It has been reported that the Russian economy has been cut off from dollars to move to Yuan. According to the Ministry of Energy of the Russian Federation, Russian oil is currently two -thirds of oil for Chinese money. Not only China pays Yuan, but also India
At first, they tried to introduce Indian oil trade to the Rupees, but the central bank of India did not give permission to export it out of the country. As a result, oil workers accumulated the billions of dollars in India’s money, which they could not use.
It became not easy to spend rupees on India’s goods: The Republic bought many goods in Russia, mainly the sources of energy, which itself provides the Russian Federation.
It has been noted that Russia’s yuanization, which is granted by power as a breakthrough in the direction of the multipolar world, actually carries risks. Unlike the dollar, Chinese money is not free to be replaced, it is under the hard control of the central bank. In addition, it is almost impossible to spend Yuan on buying goods anywhere, except for China, and its part in the world’s trade is only 4.3%.
Remember, according to Ukraine’s Foreign Intelligence Service, Russia’s income from oil exports fell 20%, which has been the result of a number of factors, such as a reduction in the world’s energy prices, boosting tax pressure and the influence of international penalties.
Russian Federation’s “Raw Materials” income fell to a minimum from the beginning of the war – analysts
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.