Euro to ruble russian: Russia successfully gets rid of US dollar

As an alternative to the American currency, Russia started using the euro more frequently. The share of the euro rose from 9.1 percent in 2013 to 17.3 percent in 2018. The increase in the share of the euro was made possible largely due to Russian trading partners, especially China, which sharply increased the share of euro payments for Russian goods. For example, the share of payments in euros amounted to only 0.7 percent in the first quarter of 2018, but by the end of the year it had grown to 13.5 percent.

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