Belarus and Russia have agreed to specify prices in U.S. dollars in contracts on Belarusian food export to Russia. The information was released by Vice Prime Minister of Belarus Mikhail Rusyi in the Council of Ministers on 20 December after a high-level meeting involving vice premiers of the two countries in Moscow the day before.

“We have agreed that prices for the products that we intend to export to Russia will be specified in U.S. dollars upon the fact of advance payments in accordance with the exchange rate of Russia's central bank. The Russian side agreed it would be convenient, it would not be necessary to discuss contracts every day and have some doubts regarding each other,” said the Vice Prime Minister.

The official pointed out that the quality of Belarusian products is high. “We always take care of pricing matters in order to prevent losses for our enterprises. The Belarusian side monitors prices with this in mind,” added Mikhail Rusyi.

BelTA reported earlier that during the government conference held on 18 December to discuss economic affairs Belarus President Alexander Lukashenko gave instructions to make transactions with Russia using a hard currency — U.S. dollars or euros.

BelTA