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Belarus eager to boost trade with Sverdlovsk Oblast

Economy 21.10.2019 | 13:21
Igor Lyashenko
Igor Lyashenko

MINSK, 21 October (BelTA) – Belarus invites Sverdlovsk Oblast of Russia to increase trade up to $580 million, Belarus' Deputy Premier Igor Lyashenko said at a session of the Business Cooperation Council of Belarus and Sverdlovsk Oblast on 21 October, BelTA has learned.

“The head of state would like the trade to be as vibrant as in 2012. We know that we have room for growth, we do not depend on the oil and gas factor here. We are interested in all areas of cooperation, including technology and culture. In 2012 the trade amounted to $580 million. After that it shrank for a number of objective and subjective reasons,” Igor Lyashenko said.

According to the vice-premier, the results of 2018 could be called satisfactory. Thanks to joint efforts, contacts at various levels, Belarus and Sverdlovsk Oblast managed to grow their trade up to $430 million. In January-August 2019 the trade rose 9.6%.

In order to maintain momentum, Belarus suggests looking for new cooperation opportunities and scaling up existing projects in manufacturing and energy.

Igor Lyashenko believes that the construction industry is another promising avenue of cooperation. “We are ready to offer our services in design and construction of manufacturing, social and sports facilities using building and finishing materials made in Belarus,” he said. Belarusian specialists are ready to build roads, bridges, and waste processing facilities in Sverdlovsk Oblast.

Belarus might also implement infrastructure projects using state-sponsored export support instruments.

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