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Belarus, Russia’s Ivanovo Oblast discuss investment, cooperation

Photo courtesy of Bellegprom

MINSK, 11 May (BelTA) – Minsk played host to a meeting of the joint working group on cooperation between Belarus and Russia’s Ivanovo Oblast. It was attended by head of the Belarusian light industry concern Bellegprom Tatiana Lugina and Deputy Prime Minister of Ivanovo Oblast Yulia Vasilyeva, BelTA learned from Bellegprom.

The meeting discussed ways of promoting investment, trade, economic and cooperation ties. The parties hailed the rapid development of cooperation between business entities of Belarus and Ivanovo Oblast.

According to the National Statistical Committee, in 2022 the trade between Belarus and Ivanovo Oblast of the Russian Federation almost doubled over 2021. In the first quarter of 2023 the trade rose by almost two-third year-on-year.

Following the meeting, a cooperation agreement was signed between the Belarusian National Agency for Investment and Privatization and the Ivanovo Oblast Investment Agency.

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