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15 April 2022, 19:23

Belarusian enterprises encouraged to redirect export to friendly markets

MINSK, 15 April (BelTA) – The stability of the country's economy hinges on how fast enterprises in the regions redirect their export to markets of friendly countries. Belarusian Economy Minister Aleksandr Chervyakov made the statement during a business trip to Soligorsk District on 15 April, BelTA has learned.

The economy minister met with Chairman of the Soligorsk District Executive Committee Andrei Zhailovich and visited OAO Kupalinka, ZAO Soligorsk Institute of Resources Saving Problems with Pilot Production, and OAO LMZ Universal. Aleksandr Chervyakov was made familiar with the operation of the enterprises, evaluated their prospects, and discussed merchandise export amid Western sanctions with their management. Salaries, fuel prices, and food prices were mentioned as the economy minister met with employees of the enterprises.

Aleksandr Chervyakov noted that the Economy Ministry constantly monitors the situation in the real sector and at specific enterprises. “In the current conditions our primary task is to immediately identify problems and find effective solutions to support business together with the industries and municipal authorities. Nowadays it is of vital importance for enterprises to remodel their business fast. Indeed, many markets are closing yet the huge market of the Russian Federation is opening up. Judging from the enterprises I've visited this morning, we saw that on the whole they are realigned and have found their consumers in Russia. At the same time the enterprises have adapted to find new sources of components: they are starting to find options here, in Russia, in China for the sake of delivering these goods. The more organizations will be able to organize logistics and schemes for deliveries to markets of friendly countries, the steadier the economy of the regions and the country will be,” he said.

Apart from that, in his words, close attention should be paid to cash flow gaps resulting from the reworking of logistic chains and to the price for credit resources.

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