Kyrgyzstan and Russia have completely switched to settlements in rubles, Kyrgyz Economy and Commerce Minister Daniyar Amangeldiev said.
"We have completely switched with Russia to settlements in rubles," he said at a briefing on Wednesday. Settlements on the main types of goods are being done in Russian rubles, he said.
"The only group of goods on which settlements were made in dollars was fuel and lubricants. Due to the imposition of sanctions and disconnection of the SWIFT system, problems arose with payments. A decision was made to switch to settlements in rubles. Thus, one can say that all settlements with Russia are being done in rubles," Amangeldiev said.
He added that after the switch to settlements in rubles the ruble began to strengthen, which has had an impact on fuel prices.
"The ruble's exchange rate rose after we switched to settlements in Russian rubles. Accordingly, this led to the growth of prices for fuel and lubricants. In addition, diesel fuel is going up in price in Russia itself," Amangeldiev said.
