Posted: 20.04.2022 09:32:00

Belarus, Russia fixed gas price in Russian Roubles till year end

The era of the green currency intermediary in settlements is coming to an end, with Belarus and Russia completely abandoning the US Dollar exchange rate in the gas pricing mechanism – as reported by TASS with reference to Belarus’ Deputy Prime Minister Yuri Nazarov


“We have signed an agreement between the Energy Ministry and Gazprom on pricing. We have introduced changes into two intergovernmental agreements regarding the pricing mechanism, completely abandoning the US Dollar. Today, the price for gas, for a thousand cubic metres of gas at the border of the Republic of Belarus, has been fixed until the end of the year,” said Mr. Nazarov.

The Deputy Prime Minister added that Belarus and Russia will continue working within the framework of the Union State roadmaps, signed in late 2021. “We should work out the price formation mechanism [from 2023 – TASS remark] within the framework of the Union State during the first half of the year. Today we boast comfortable conditions: understandable and transparent,” noted Mr. Nazarov.