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Economy
03 October 2022, 14:05

Belarus-Russia trade expected to hit $45bn in 2022

MOSCOW, 3 October (BelTA) - Belarus and Russia will have a record trade of $45 billion and maybe higher in 2022, Belarusian Prime Minister Roman Golovchenko said as he met with Russian Prime Minister Mikhail Mishustin in Moscow on 3 October, BelTA has learned.

Roman Golovchenko
Roman Golovchenko

In January-August of this year, mutual trade rose by more than 12% year-on-year. "If the trend continues by the end of 2022, I expect that our trade will hit a record high $45 billion and maybe even more," Roman Golovchenko said.

“Such results indicate that we have chosen the right strategy to replace the products of foreign manufacturers who stopped supplying goods to our countries. Setting up joint ventures will make it possible not only to move away from dependence on imports in equipment and components but, of course, create new jobs and a reliable foundation for the further innovative development of our economies. A lot has already been done in this direction, but a lot of work is still ahead of us," Roman Golovchenko noted.

He also stated that with the support of Russia, Belarus has stabilized export transport flows.

Mikhail Mishustin
Mikhail Mishustin

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