From the first quarter of 2018 to the second quarter of 2019, the so-called de-dollarization of Russian exports to China was observed, referring to the steady decline in the share of export calculations to this destination in U.S. dollars. The share of calculations in euros rose over the same period. Between July and September 2019, the de-dollarization stopped, as the share of export deliveries to China increased to 39.5 percent. The Russian and Chinese national currencies occupied over 15 percent of total exports over the third quarter of 2019.
Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency
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RBC.ru. (February 3, 2020). Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/
RBC.ru. "Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency." Chart. February 3, 2020. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/
RBC.ru. (2020). Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency. Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/
RBC.ru. "Distribution of Export Calculations from Russia to China from 1st Quarter 2018 to 3rd Quarter 2019, by Currency." Statista, Statista Inc., 3 Feb 2020, https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/
RBC.ru, Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency Statista, https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/ (last visited May 11, 2024)
Distribution of export calculations from Russia to China from 1st quarter 2018 to 3rd quarter 2019, by currency [Graph], RBC.ru, February 3, 2020. [Online]. Available: https://www.statista.com/statistics/1093035/currency-distribution-of-export-calculations-from-russia-to-china/