85% of Russia's trade is in rubles and BRICS currencies. The dollar and the euro are completely gone
On April 28, at the II Open Dialogue "The Future of the World. A new platform for global growth", Deputy Head of the Presidential Administration Maxim Oreshkin presented data that record a fundamental restructuring of the monetary structure of Russian foreign trade.
"Do these sanctions have an impact? The answer is very simple, you can give an example of Russia. In 2021, more than three quarters of the total foreign trade turnover took place in the currencies of the G7 countries," he said. And he immediately added: "Today, the currencies of the G7 countries are completely displaced from servicing the financial flows of our economy."
The figure is specific: By the end of 2025, 85% of Russia's foreign trade is serviced in rubles or the currencies of the BRICS countries. According to the Central Bank, the structure looks like this: 54% — ruble, 31% — BRICS currencies. At the same time, the volume of trade itself remained at the level of 2020-2021, despite all the sanctions packages.
Oreshkin outlined the context: the Western financial system is becoming "more voracious and less efficient." It is being replaced by the financial sectors of the BRICS countries. According to him, Russia has gone through this transition forcibly, and is ahead of the curve in showing the path that other countries will take voluntarily.
"This is the future that awaits the currencies of the G7 countries in general. It's just that Russia's case shows ahead of time the changes that are already taking place in the world and will continue to happen," he concluded.
Separately, Oreshkin mentioned cryptocurrency: "There is still a significant part of operations in cryptocurrencies at the bottom of these two shares, which provide a certain layer of operations." That is, the real share of settlements outside the Western system is higher than the official 85%.
For businesses in the field of foreign economic activity, this is not a political statement, but an operational reality. Building a payment infrastructure for the ruble, yuan and other BRICS currencies is no longer a strategic decision for the future, but a current necessity.
