The ruble has become the main currency for settlements in Russia and Europe

60.3% when calculating for Russian exports and 54.5% for imports is a record share of the ruble in Russia’s trade relations with European countries by the end of 2024, the Central Bank of Russia states

Overall, the ruble was used last year to account for 41.3% of Russian exports and 43.2% of imports.

“CRYSTAL OF GROWTH” previously cited the opinion of Alexander Galushka: “The sovereignty of the country means the full strengthening of the national currency… The strength of the ruble lies in the strengths of our economy, not in the currency bubble”