Russia’s non-dollar settlements within BRICS skyrocketing

The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti on Monday. Nabiullina added that the share of the group in Russia’s foreign trade has doubled over the past two years to reach 40%, up from 20% in 2021 and 30% 2022. Moscow is currently discussing potential integration of national payment infrastructures with BRICS members, accord

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