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Economy
03 October 2022, 17:57

Belarus, Russia fully reconcile lists of import-substituting projects

MOSCOW, 3 October (BelTA) – Belarus and Russia have fully reconciled lists of import-substituting projects. Prime Minister of Belarus Roman Golovchenko made the statement after negotiations with Prime Minister of Russia Mikhail Mishustin in Moscow on 3 October, BelTA has learned. Delegations of the two governments took part in the negotiations.

Roman Golovchenko said: “Today we have at last finalized the instruction the presidents had given with regard to import-substituting projects. The sum is known – it is the equivalent of $1.5 billion and may even be bigger than that. We've made up our minds on the interest rates. They will be very beneficial for Belarusian manufacturers. We have agreed lists of these projects. A bit of technical work is left to do now.”

The prime minister remarked that some import-substituting projects are already being implemented. “We have started working on some of them using our own funds, so to say. But now the work will be supported by the appropriate Russian credit resources. This is why an entire lineup of (at least 14) Belarusian enterprises is in for major modernization and development of manufacturing facilities,” Roman Golovchenko added.

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