Government Bodies
Flag Tuesday, 5 July 2022
Minsk Overcast sky +25°C
All news
All news
26 May 2022, 14:56

PM: Western sanctions are aimed at slowing down EAEU's technological development

MINSK, 26 May (BelTA) – Western sanctions are aimed at slowing down the technological development of the Eurasian Economic Union (EAEU), Belarus Prime Minister Roman Golovchenko said during a panel discussion at the Eurasian Economic Forum via a video link, BelTA has learned.

"Today, much has been said about the successes achieved by our states both individually and collectively in the EAEU. Belarus is no exception. Over the six years since the EAEU was launched, Belarus has expanded its GDP thanks to the demand for Belarusian products. Growth was seen across industry, agriculture, cargo turnover. But, as we can see, not everyone rejoices at the successes of Belarus and other members of the union. The sanctions imposed against Belarus and Russia have quite certain goals. The main one is to slow down the technological development of competitors, as they see our union," Roman Golovchenko said.

Given the sanctions we need to solve two problems: to replace critical imports and set up new knowledge-intensive and competitive manufactures, Roman Golovchenko noted. "To meet these goals we need to utilize the entire industrial, scientific, technological and personnel potential of the EAEU. It is much easier to do this together than alone," the prime minister said.

The Eurasian Economic Forum is held in Bishkek on 26 May. The forum is an opportunity to have a direct interaction on the most topical issues of the Eurasian Economic Union, business, green energy, interregional ties and cooperation.

The business program consists of six panel discussions to consider prospects for the strategic development of Eurasian integration, opportunities for economic stability of the EAEU states, issues in industry, agro-industry, energy, transport infrastructure, digital agenda, and new areas of cooperation.

Subscribe to us
Recent news from Belarus