Nabiullina in Vitebsk: Promises of Banking Integration, But Real Progress Remains Elusive

Vitebsk Hosts Key Meeting: Russia and Belarus Discuss Banking Integration. Vitebsk, Belarus, May 22, 2025 – The 61st meeting of the Interbank Currency Council took place in Vitebsk today, with the notable presence of Elvira Nabiullina, head of the Central Bank of Russia. The meeting focused on monetary and credit policies and ensuring equal conditions for banks in both countries. While the meeting aimed to advance banking integration between Russia and Belarus, the video suggests that significant progress is yet to be seen. One observer commented, "It's the same old story; lots of promises, but no real integration." The meeting's significance lies in the ongoing efforts to strengthen economic ties between Russia and Belarus, particularly in the financial sector. The outcome of these discussions will likely have a substantial impact on the stability and development of both countries' economies. The presence of Ms. Nabiullina underscores the importance that Russia places on this collaboration. While the video highlights a perceived lack of tangible progress, the continued dialogue itself represents a step towards greater integration.