Snopkov, First Deputy Prime Minister of Belarus, said in a speech to Parliament on 24th that Belarus plans to give up using US dollars and euros in trade settlement with other countries in Eurasian Economic Union by the end of 2023.
Si Nuo Pukov pointed out that Western sanctions have made settlement difficult, and the use of US dollars and euros in Belarusian trade settlement has been decreasing. Belarus’s goal is to abandon the settlement method of US dollars and euros in its trade with other countries in the Eurasian Economic Union in 2023. At present, the share of US dollars and euros in the trade settlement between Belarus and these trading partners is about 8%.
Si Nuo Pukov said that the Belarusian National Bank has set up a special working group to coordinate the settlement of foreign economic activities and help enterprises complete foreign trade settlement to the greatest extent.
Si Nuo Pukov said that in the first quarter of this year, Belarusian exports of goods and services reached a new high of nearly 10 years, and foreign trade maintained a surplus.
The Eurasian Economic Union was established in 2015, and its member countries include Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia.