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Economy
25 August 2022, 19:12

PM: Economies of Belarus and Russia have adapted to the pressure of sanctions

CHOLPON ATA, 25 August (BelTA) – The economies of Belarus and Russia have managed to adapt to the pressure of sanctions and are handling it fine. Prime Minister of Belarus Roman Golovchenko made the statement as he met with Prime Minister of Russia Mikhail Mishustin, BelTA has learned.

Roman Golovchenko said: “We have frequent meetings but it is understandable because we are working in a complicated situation right now. The economies of Belarus and Russia demonstrate good results considering the fierce and violent pressure we face. Performance indicators of our economies in H1 2022 technically demonstrate that we are handling this pressure and, more than that, we've managed to adapt to it.”

In January-June 2022 Belarus-Russia trade was close to $20 billion, 12.2% up from H1 2021. Export to Russia amounted to $9.097 billion, 23.1% up.

Belarus-Russia trade in services amounted to $2.4399 billion, 20.3% up from January-June 2021. Belarus exported $1.569 billion worth of services, 22.4% up, and secured a surplus of the foreign trade in services.

As many as 2,240 enterprises with Russian capital operate in Belarus. As of 1 January 2022 the Russian Federation was home to 113 entities of the distribution network of Belarusian organizations with a share of Belarusian capital or with a Belarusian capital share in the charter capital.

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