Rouble Revolution: Russia's Global Economic Shift

Russian President Vladimir Putin stated that approximately 65% of Russia's export operations are now conducted in roubles. He made this remark during Russia's annual economic forum. Putin also cautioned that the country's budget deficit could potentially rise throughout the year.

Russia is shifting its economic strategy with around 65% of its export operations now conducted in roubles, President Vladimir Putin announced at the country's annual economic forum.

The move marks a significant transition in Russia's trade dynamics, steering away from reliance on foreign currencies.

Putin also highlighted concerns over the national economy, warning of a potential increase in the budget deficit over the coming months, a factor that could influence future economic policies.