“In the fourth quarter, as a result of a long-term campaign by the Kremlin to reduce the country's vulnerability to US assets, the dollar's share in Russian exports for the first time fell to below 50%,” the agency writes.

Most of this decline was due to trade with China, more than three quarters of which is in euros, according to the central bank's April 26 data.

At the same time, the share of the single currency in the total export volume increased by more than ten percentage points - up to 36%.

Earlier, Russian Foreign Minister Sergei Lavrov announced the need to switch to settlements in national and world currencies, alternative to the dollar, in order to reduce sanctions risks.