BELARUS NEWS AND ANALYSIS

DATE:

14/11/2008

Russia, Belarus agree to use rubles in oil and gas trade

RBC, 14.11.2008, Moscow 12:28:47.Russia and Belarus have agreed on switching to rubles in settlements for oil and gas, Belarusian Deputy Prime Minister Andrei Kobyakov announced following the signing of a memorandum of understanding between the governments of Russia and Belarus on coordinating measures to increase their national economies' competitiveness. According to Kobyakov, such a transition will be one of the key items in the joint action plan to be prepared by early February 2009. "This will be our contribution to giving the ruble the status of a regional reserve currency," the official said.

In turn, Russia's Deputy PM and Finance Minister Alexei Kudrin noted that several companies were already using rubles in their settlements with Russia. He added that the government had plans to expand the ruble's usage and would insist that this be stipulated in intergovernmental agreements and relations between the countries' key economic entities responsible for the bulk of foreign trade.

Source:

http://www.rbcnews.com/free/20081114122847.shtml

Google
 


Partners:
Face.by Social Network
Face.by