A Blow to the Dollar: Russia Reaches Historic Milestone by Paying for Over Half of Its Imports in Rubles

According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly […]