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16 June 2022, 18:34

Belarus, Russia work on common industrial policy

ST PETERSBURG, 16 June (BelTA) – Belarus and Russia continue advancing industrial cooperation, Belarusian Deputy Industry Minister Dmitry Kharitonchik said at the St. Petersburg International Economic Forum, BelTA has learned.

"We are working on the common industrial policy. In the furtherance of the relevant Union State program, we have drafted an action plan which details the stages of work and lists the documents that we must eventually reach and sign. This is an agreement on industrial policy and mutual recognition of technological cooperation," the deputy minister said.

According to Dmitry Kharitonchik, this document will not only allow countries to create uniform working conditions in the Union State market, but will also give an additional impetus to integration and cooperation. "A great impetus was given by the decision of unfriendly countries to impose sanctions. We were forced to quickly look for new suppliers given that traditional logistics were broken. We already have good results on this front," the deputy minister stressed.

He noted that critical imports affecting production have already been identified. So have been the enterprises capable of quickly producing the necessary components. "Work is also underway to identify long-term projects that will require investments in equipment, design and development of products. We expect the effect by the end of this year," said Dmitry Kharitonchik.

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