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27 June 2022, 09:21

Opinion: Russia, Belarus will protect their economies through accumulation of best practices

MINSK, 27 June (BelTA) - The accumulation of Russian and Belarusian best practices will help the two countries protect their economies, Director General of the Center for Study of Integration Prospects (Russia) Sergey Rekeda said in an interview to Belarus 1 TV channel, BelTA has learned.

“We have prospects, and they have been discussed more than once. The setting up of a commission on import substitution and counteraction to sanctions pressure has been discussed both at the bilateral (Russian-Belarusian) and multilateral (the Eurasian Five, the Eurasian Economic Union) levels. This is actually a correct and constructive process to replace the links that have fallen out of the production chain. We need to replace these links with our technology, resources, human and production capabilities, including Belarusian ones. The import substitution of the Belarusian economy is higher than that of Russia at the moment. We have the opportunity to accumulate this experience of Russia and Belarus to protect our own economies,” said Sergey Rekeda.

The political scientist said that Belarus is important for Russia from the point of view of food security. “Belarus has modernized oil refineries, which capacities are needed by Russian oil refineries too. Belarus' industrial basis is at a good level since it was not destroyed in the 1990s, and cooperation in machine-building, instrument engineering and space technologies is possible. There are plenty of areas we can cooperate in,” he said.

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