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Overchuk: Belarus, Russia de facto switch to national currency settlements

04.06.2026 | 16:30

Belarus and Russia have de facto switched to settlements in national currencies, Russian Deputy Prime Minister Alexey Overchuk said during a panel discussion "The Union State: Time to Be First at the St. Petersburg International Economic Forum, BelTA has learned.



«We have truly become independent in our mutual settlements. Last year, the national currencies accounted for 99.1% of our mutual settlements. So de facto, we have switched to settlements in national currencies. This is convenient. No one forced anyone. Everyone did this because it is truly convenient, and businesses are using it,» Alexey Overchuk said.

He noted that Belarus and Russia are implementing a number of very important integration import-substitution projects related to the production of goods in various industries. «This includes microelectronics, aircraft manufacturing, automobile manufacturing, special-purpose machinery, and metallurgy. All of this is very important for the independent and self-reliant development of our countries,» the Russian deputy prime minister noted.


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