Belarusian government discussing possibility of detaching payments for energy products from dollar

3 марта 2022
The government is discussing the possibility of detaching payments for energy from the dollar, as well as the possible switching to the fixing of prices in Russian rubles. This was announced at the Presidium of the Council of Ministers.  Belarus is also going to agree with Russians on an export-import balance for all commodities. Quick and effective measures to restructure the economy are also expected from the individual companies and heads of ministries.  Support is also needed for large industries and small businesses. It takes time to find new buyers and transport them. 

The import substitution comes to the fore in the current environment. New parts are needed not only for us, but also for our partners from Russia. Prompt negotiations with them about increasing the shipment of machinery, microelectronics, and participation in the import substitution program, with the involvement of Russian resources, will take place in the near future.