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12 April 2022, 09:26

Minister: Belarus' manufacturing sector was ready for sanctions

Piotr Parkhomchik. An archive photo
Piotr Parkhomchik. An archive photo

MINSK, 12 April (BelTA) – Belarus' manufacturing industry is doing quite well. In 2021 the production grew by 15%, in Q1 2022 by 14%, Industry Minister Piotr Parkhomchik told journalists, BelTA has learned.

The minister was asked to comment on the operation of the domestic industry under the sanctions against Belarus and Russia, as well as on new opportunities that are emerging during this period. “Thank God we had prepared for these sanctions before they came. As you can see, the entire manufacturing industry of Belarus is showing very good, positive results. Last year the industry grew by 15%, in Q1 2022 the growth was estimated at 14%. This suggests that we have not only adapted to the challenges and threats that America and Europe created, but that the industry had been investing tremendous effort into import substitution,” Piotr Parkhomchik said.

According to him, the manufacturing sector is finding its bearings, and some products and components that were previously supplied from Europe are now purchased from Asia, from China and Russia. The minister emphasized that it is now important to complete research and development work very quickly in order to ‘completely replace those components that were produced in Europe'.

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