From December to February, Russian exporters halved their foreign exchange earnings, as the politician noted, and the situation will not improve in the coming months.
The Russian Federation began to run out of dollar savings and the first deficit indicators were recorded. This was stated in his Telegram channel by the head of the Parliamentary Committee on Finance, Tax and Customs Policy Daniil Getmantsev.
According to him, the Russian Federation has already begun to experience a shortage of dollars, and this is shown by the data of the local Central Bank. In February, exporters sold $7.8 billion of foreign exchange earnings on the stock exchange. At the same time, in January this figure was at the level of 10 billion, and in December last year – 15 billion dollars.
Foreign exchange earnings in the country decreased significantly with the outbreak of a full-scale war. Until February 24, 2022, the share of settlements was 87% of export volumes, and in February 2023, the figure dropped to 48%.
It is now expected that the share of settlements in dollars and euros will continue to fall, as all currencies come under pre-war contracts, which are already nearing completion. Also, almost half of the transactions today are carried out in Chinese yuan and Russian rubles, as noted by Daniil Getmantsev.
“According to the Central Bank of Russia, in January-February, the trade balance surplus more than tripled to $15.3 billion against $43.5 billion in the first 2 months of 2022. As a result, at the end of February, a temporary deficit of the dollar appeared on the foreign exchange market. liquidity,” Getmantsev explained further.
Recall that on February 17, the Bloomberg portal wrote that the Russian economy in the next three years will lose 190 billion due to the war. Analysts of the publication noted that the fall of the Russian economy is even stronger than during the Covid-19 pandemic, and in the future it will only worsen.
