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Economy
08 April 2022, 12:04

Deputy minister: Belarus' economy support plan is a response to sanctions

An archive photo
An archive photo

MINSK, 8 April (BelTA) – Belarus' Deputy Economy Minister Dmitry Yaroshevich told reporters about the reasons to develop the economy support plan for Belarus, BelTA has learned.

“A comprehensive economy support plan has been signed. It was developed as a response to the sanctions we are now facing,” Dmitry Yaroshevich noted.

The plan consists of five main sections: export promotion (redirection of exports to friendly countries), logistics, import substitution promotion, reduction of the administrative burden, and solution of industry problems.

As far as export promotion is concerned, commodity flows will be redirected from unfriendly states to friendly countries. “A lot of work has already been done. It implies primarily financial support and more comfortable conditions for exporters,” the deputy minister stressed.

According to him, the comprehensive plan to support the economy has an organizational and informational function. Immediately after its approval, all government agencies began to draft regulations that will be adopted in large numbers in April. “While developing the plan, we took on board proposals of the regions, business unions, and individual enterprises. We believe that these measures will add resilience to our economy. We can say with confidence that this is a collective effort, and we are open to further proposals and intend to continue our cooperation in a constructive way,” the deputy minister concluded.

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