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Back|Ruble settlements in Russian foreign trade reach record 60% share in Q2 2026
Ruble settlements in Russian foreign trade reach record 60% share in Q2 2026
Developing
TASS·1 hour ago·Business·1 min read·🇷🇺Russia

Ruble settlements in Russian foreign trade reach record 60% share in Q2 2026

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The share of ruble settlements in Russia's foreign trade operations reached a record 60% in Q2 2026, while unfriendly currencies fell to 11.6%, according to Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, who also noted ongoing efforts to build multi-layered financial protection against sanctions through direct banking ties, alternative payment corridors, and digital finance channels.

AI-generated summary

Why It Matters

Russia has been facing Western sanctions since 2022, prompting efforts to reduce dependence on unfriendly currencies and develop alternative financial mechanisms for international trade.

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MOSCOW, August 29. /TASS/. The share of ruble settlements in foreign trade operations in the second quarter reached a record level of about 60%, while the share of currencies from the unfriendly countries dropped to a minimum, Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said in an interview with TASS on the eve of the Eastern Economic Forum (EEF).

"It is noteworthy that the share of ruble settlements in foreign trade operations in the second quarter of 2026 reached a record level, approaching 60%, while the share of currencies from the unfriendly countries dropped to a minimum of 11.6%," he noted.

Aksakov also noted that Russia continues to build a multi-layered protection of the financial sector against the shocks of sanctions.

"Russia continues to build multi·layered protection for the financial sector against sanctions shocks — banks are establishing direct correspondent relations with foreign partners, alternative payment corridors are being developed with friendly countries, and new payment channels are emerging through digital finance," he said.

What to Watch

AI outlook — possibilities, not facts

  • Russia will continue to increase the share of ruble and friendly currency settlements in foreign trade through 2026

    Likely · Within months

Open Questions

  • ?Which specific friendly countries are involved in the alternative payment corridors?
  • ?What digital finance channels are being developed for cross-border payments?
  • ?How sustainable is the current level of ruble settlements if sanctions evolve or intensify?

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This article was originally published by TASS.

Quick Look

The share of ruble settlements in Russia's foreign trade operations reached a record 60% in Q2 2026, while unfriendly currencies fell to 11.6%, according to Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, who also noted ongoing efforts to build multi-layered financial protection against sanctions through direct banking ties, alternative payment corridors, and digital finance channels.

AI-generated summary

Story signals

News tone
Neutral
Emotional intensity
High
News value
Moderate
Global impact
National
Urgency
Developing
Follow-up likelihood
Likely
Relevance window
Weeks

Source & Reliability

Source
TASS
Source quality
Full
Published
1 hour ago

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