The negotiations primarily focused on cooperation in heavy and light industries, civil engineering, shipment and maintenance of Belarus-made vehicles in Smolensk Oblast, shipments of Belarusian agricultural products and food to the Russian region. Cooperation in cultural affairs was also mentioned.
The gold reserves comprise precious metals in the form of bank bullion bars. They are managed by the country's central bank and are part of the state fund of precious metals and precious stones of Belarus.
The parties discussed joint steps to develop trade, economic and investment cooperation between the two countries, issues related to Belarus-EU economic and investment cooperation within the Eastern Partnership and other initiatives.
“In the economic sector we have chosen a way of evolution: from trade relations to the implementation of big investment projects with credit support from China,” Belarus President's Administration Nikolai Snopkov said.
While in Luxembourg, Alexander Mikhnevich met with Director General of the Chamber of Commerce of Luxembourg Carlo Thelen, Secretary General of the Luxembourg Bankers' Association Annemarie Jung, and financial experts and businessmen.
The output of milk in Russia is projected to go up by 0.6% in 2017. Taking into account the supplies from Belarus, some 96% of the demand for milk on the Russian market will be satisfied, Sergei Sidorsky noted.
As part of the visit on 16-18 January, First Deputy Prime Minister Vasily Matyushevsky met with Chief Executive of Hong Kong Liang Zhenying. The sides exchanged opinions on the development of cooperation in investment, finance, trade, economy, and tourism.