Russian Deputy Foreign Minister, Mikhail Galuzin, reported that the trade turnover between Russia and Central Asia surpassed $44 bn in 2023. This represents 33% of Central Asia’s foreign trade, mainly due to the transition to settlements in national currencies. Galuzin stated that settlements in national currencies now account for 80% of Kazakhstan, Kyrgyzstan, and Tajikistan, 55% with Uzbekistan, and 24% with Turkmenistan.
