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10 June 2021, 10:05

CIS Economic Council session to be held in Moscow on 18 June

An archive photo
An archive photo

MOSCOW, 10 June (BelTA) – The CIS Economic Council session is scheduled for 18 June. It will be held in the Space pavilion of VDNKh in Moscow, Head of the Press Service of the CIS Executive Committee Svetlana Malinina told BelTA.

The heads of the delegations of the Commonwealth countries will examine various aspects of economic cooperation in the CIS. “They will discuss a possibility of creating exhibition and trade centers of the CIS member states in VDNKh. At present, VDNKh has pavilions of Azerbaijan, Armenia and Belarus, and the pavilion of Moldova is running in a test mode. The pavilions of Kazakhstan, Kyrgyzstan and Uzbekistan are expected to open this year. These exhibition and trade centers are expected to be actively involved in the celebrations of the CIS' 30th anniversary this year,” Svetlana Malinina said.

The CIS Interstate Statistical Committee will present a report on macroeconomic performance of the CIS member states in 2020. Such a monitoring makes it possible to objectively assess progress in the socio-economic development of the Commonwealth countries, the degree of their integration, and to promptly adjust economic policies to maintain sustainable development and respond to crises, the press secretary said.

Members of the CIS Economic Council will be informed on the progress to implement the CIS cooperation concept in the energy sector and the concept on the use of renewable energy sources. They will take stock of the efforts to upgrade generating capacities and network facilities, examine the efficiency of their use, the implementation of joint investment projects in the energy sector and projects to jointly build and renovate energy facilities, ways to increase energy efficiency and reduce energy consumption, the use of renewable energy sources, the efforts to introduce innovative solutions to the energy sector,” Svetlana Malinina explained.

In addition, the parties will discuss a roadmap of drafting and implementing a national program for phytomonitoring and locust pest control for the period up to 2026, as well as cooperation promotion documents.

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