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28 March 2023, 10:17

Minister: No big obstacles to implementing Union State financial documents

MINSK, 28 March (BelTA) – There are no serious obstacles to the implementation of the Union State documents in the financial sector, Belarus' Finance Minister Yuri Seliverstov said following the meeting of the Council of Ministers of the Belarus-Russia Union State in Moscow on 27 March, BelTA has learned.

It is important for the finance ministries of the Union State to cooperate in finances and lending, which also includes budget matters, Yuri Seliverstov noted. “An agreement on indirect taxes was adopted. It provides for the transfer of the reverse excise duty. We still have to finalize the provision on the formation of a joint tax committee. There are no issues that would impede the implementation of the agreement. There are still technicalities that need to be discussed with colleagues,” the minister said.

Yuri Seliverstov added that the countries are also working on debt refinancing. “This is another issue that needs to be finalized. Such matters take time, but appropriate agreements are already in the works. Everything is proceeding as planned, but there are points on which we need to compare notes,” he said.

The algorithm for import-substituting projects has been worked out, the minister emphasized. “Now we are discussing funding for these projects,” Yuri Seliverstov added.

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