Russian Exporters Cut Currency Sales to $2.2 Billion

The largest Russian exporters reduced their currency sales to $2.2 billion in July this year, according to data from the Foreign Intelligence Service of Ukraine.

This figure is a significant decrease compared to June ($7.6 billion) and July 2025 ($8.1 billion), and even lower than the $12 billion recorded in July 2024.

The smaller supply of currency from exporters has contributed to the strengthening of the dollar, euro, and yuan exchange rates by over 20% since the beginning of summer 2026.

The weakening of the ruble increases the cost of imports and creates additional inflationary pressure, limiting the Central Bank of Russia's ability to cut interest rates and ease monetary policy.