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Belarus, Russia preparing additional pool of import-substituting projects

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MOSCOW, 16 October (BelTA) — Belarus and Russia are preparing an additional pool of joint import-substituting projects in high-tech industry, Belarusian Ambassador to Russia Aleksandr Rogozhnik said during a roundtable discussion on industrial cooperation between Belarus and Ulyanovsk Oblast of Russia in Ulyanovsk on 16 October, BelTA has learned.

"Together with Russia we have already launched 27 innovative, import-substituting and high-tech projects with Russia's financial assistance worth RUB105 billion. Currently, we have already created an additional pool of seven projects, including aviation ones, with RUB70 billion in funding. We aim for RUB105 billion, the sum equivalent to the first loan, and invest these resources in the development of high-tech industries, so that the two countries could become self-sufficient in technologies," Aleksandr Rogozhnik stated.

He noted that a number of key issues on import substitution in the Union State have not yet been addressed. These include software production, machine-tool manufacture, engine building, production of high-tech components for mechanical engineering, and others. "These are exactly the niches that our companies could take," the ambassador said.

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