(Reuters) – Belarus said on Wednesday that it had signed a credit agreement worth 105 billion roubles ($1.74 billion) with Russia to finance import substitution projects.

Belarusian companies will produce a wide range of goods for Russia, from basic components to large ready-made equipment, a Belarusian government official was quoted by state media as saying earlier this month.

($1 = 60.3500 roubles)

(Reporting by Reuters; Editing by Alison Williams)