Kazakhstan to use RUB when trading with Russia

RUSSIA / FSU POLITICS - In Brief 19 Mar 2022 by Alex Teddy
On March 18 it was announced that this move would be made when Kazakhstan trades with Belarus and Russia. Kazakhstan is a member of the Eurasian Economic Union (EAEU). However, when trading with other EAEU members (Armenia and Kyrgyzstan) Kazakhstan will use USD. Sanctions on Russia have hit Kazakhstan hard. Russia is the country's second biggest trading partner. Kazakhstan wants to save USD for trades when they are essential.Russia would like all intra-EAEU trade to be in RUB. This is part of de-dollarization.

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