Economy

Since the beginning of the year, prices have risen by less than 6%.

Their arrears to suppliers are 300 billion rubles.

The phone conversation has been initiated by Belarus.

National Bank's chairman Pavel Kalaur says the level of inflation has to be at no more than 9% in order to cut loan rates.

It is necessary to support Belarusian producers and help them unload warehouses, Minister Valyantsin Chakanau stressed.

The Belarus government's resolution approves to reduce export duties on crude oil and petrochemical products.

It totals 6 billion 200 million Russian rubles which is $110 million.

The process should be ‘more dynamic’, he said. VIDEO

The Russian pundit comments on the statement that the single currency may pose a threat to Belarus’ sovereignty.