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Economy
13 May 2022, 18:56

Belarusian government promptly acts to support private sector amid Western sanctions

Photo courtesy of the Economy Ministry
Photo courtesy of the Economy Ministry

MINSK, 13 May (BelTA) – Belarusian Deputy Economy Minister Sergei Mityansky talked to reporters on 13 May to discuss measures being taken to support the private sector amid Western sanctions, BelTA has learned.

Community advisory councils and entrepreneurship promotion councils have been established under the aegis of municipal government agencies and central government ones. Business operation issues are discussed during their meetings. As for legislative support, Belarus president decree No.93 on additional measures to ensure the stable operation of the economy has already been adopted as well as the Council of Ministers' resolution No.180 and other documents. A comprehensive plan of measures designed to support the economy is the key document. According to Sergei Mityansky, it is kind of a roadmap adopted by the central government to counteract the sanctions-fuelled pressure. At present government agencies are busy passing the relevant regulatory acts and preparing draft legislation in order to realize this roadmap. “Certainly, these are not all the measures that will be implemented by the government. We are ready to listen to the private sector and get together in order to make the necessary decisions later on. We will promptly respond to all the attacks of Western neighbors with appropriate measures,” the official said.

A crisis center has been established under the Council of Ministers. The body reviews proposals meant to support the private sector. “Unless it requires a legislative act, response measures are taken as soon as possible. If a legislative act is necessary, then government agencies are instructed to work out one,” the deputy economy minister noted.

“We expect our economy to remain stable this year thanks to the adopted measures. Our people should not feel the effect of the sanctions. Both government agencies and the private sector should work together to secure and preserve social guarantees for citizens,” Sergei Mityansky stressed.

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