Source Pravda.Ru

Delay in instituting Russian ruble caused by taxation differences

The delay by the Belarussian leadership in instituting the Russian ruble as the sole currency in the country is connected with the difference in taxation in the two countries, said Belarussian Ambassador in Russia Vladimir Grigoriev in a lecture to State Duma apparatus employees yesterday. He said that 'in the context of instituting the Russian ruble as the sole currency it is necessary to carefully consider compensation problems in as much as tax revenues are higher than Russian tax revenues in 12 different items.' If we do not compensate for the difference, said Grigoriev, then Belarussian trade products will be more expensive than Russian products and will not compete equally in Russia.

We have to consider everything in order to make sure we won't make Belarus poorer, said Grigoriev. 'If we make a mistake in instituting the Russian ruble, then we will destroy not only the economic union of Russia, Belarus, Kazakhstan and Ukraine but the entire economic system in the CIS,' he said. Nevertheless, Grigoriev said that Belarus welcomes the integration process in the CIS including the creation of a union government. 'I see no problems with the formation of a CIS union government. There may be some difficulties, but the prospects for development are greater,' he said.

Comments
Turkey and USA take their relationship to breaking point
Russia starts Star Wars first. USA concerned and puzzled
Russia to build major naval base on the coast of Caspian Sea
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
The end of the theory of a Nobel Prize in chemistry?
US sanctions to kill Russian banks and sovereign debt?
Russia starts Star Wars first. USA concerned and puzzled
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
USA and Turkey: The elephant kicks the barking pug aside
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows