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Overchuk: Belarus, Russia have almost entirely switched to settlements in national currencies

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MOSCOW, 19 June (BelTA) – Belarus and Russia have almost completely switched to settlements in national currencies, Russia's Deputy Prime Minister Alexey Overchuk said at the St. Petersburg International Economic Forum as he was speaking at the session “Union State: At the Turn of Eras”, BelTA has learned.

“We are increasing the share of settlements in national currencies. According to our data, in the first quarter of 2025, it amounted to 98.8%. In other words, we can say that we have completely switched to settlements in national currencies,” Alexey Overchuk said.

He added that Belarus and Russia have effectively moved to a uniform industrial policy in the Union State. “Of course, we pay special attention to developing industrial cooperation. We have switched to a practically uniform industrial policy within the Union State,” said the Russian deputy prime minister.

Alexey Overchuk explained that all the Union State industrial projects are aimed at achieving technological leadership. This concerns primarily machine tool making, transport engineering, new materials,  chemical industry, as well as projects to support small and medium-sized businesses, forestry, and innovations.

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