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25 August 2022, 19:23

Steps taken to switch main Belarusian-Russian payments to Russian rubles

CHOLPON ATA, 25 August (BelTA) – Belarus and Russia have finished all the necessary steps in order to switch the main payments between the two countries to Russian rubles. Prime Minister of Belarus Roman Golovchenko made the statement as he met with Prime Minister of Russia Mikhail Mishustin, BelTA has learned.

Roman Golovchenko said: “We've carried out all the necessary operations in order to switch the main payments between us to Russian rubles. It has substantially facilitated transactions. I am convinced that we will soon see the effect from the steps we took last year and this year.”

In January-June 2022 Belarus-Russia trade was close to $20 billion, 12.2% up from H1 2021. Export to Russia amounted to $9.097 billion, 23.1% up.

Belarus-Russia trade in services amounted to $2.4399 billion, 20.3% up from January-June 2021. Belarus exported $1.569 billion worth of services, 22.4% up, and secured a surplus of the foreign trade in services.

As many as 2,240 enterprises with Russian capital operate in Belarus. As of 1 January 2022 the Russian Federation was home to 113 entities of the distribution network of Belarusian organizations with a share of Belarusian capital or with a Belarusian capital share in the charter capital.

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