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04 April 2022, 14:56

Belarus' agribusiness redirects exports, expects no decrease in forex earnings

MINSK, 4 April (BelTA) – Belarus' agribusiness complex has redirected its exports and does not expect foreign currency earnings to decrease. Belarusian Agriculture and Food Minister Igor Brylo made the statement in a recent broadcast hosted by the YouTube channel of Igor Tur, a political analyst of the Belarusian TV channel ONT, BelTA has learned.

Igor Brylo said: “There are no problems with it whatsoever. The exports we used to ship to Europe, Ukraine, and other countries were redirected within a week or two.”

The official noted that Belarus used to export $400 million worth of food to the European Union and slightly more than $200 million worth of food to Ukraine. The figures do not look impressive considering Belarus exports $7 billion worth of food per annum. “We've reoriented these exports just fine and continue working,” the agriculture and food minister said. “There is absolutely no reason to expect any decrease in foreign currency proceeds.”

Igor Brylo also mentioned that in January-February 2022 Belarus exported $1.1 billion worth of food, virtually 123% as against January-February 2021. The official said: “We are increasing the production of milk and meat. What we consume domestically is our constant. People cannot eat more than that. This is why foreign currency earnings will not go away.”

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