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Lukashenko: Belarus is willing to help Russian regions modernize their economies

MINSK, 1 July (BelTA) – Belarus is ready to take part in the modernization of economies of Russian regions, Belarusian President Aleksandr Lukashenko said in his video address to the participants of the plenary session of the 9th Forum of Regions of Belarus and Russia that is underway in Grodno, BelTA has learned.

“Today, new long-term cooperation prospects are opening up for the two countries. Belarus could take part in the modernization of key sectors of the economy of Russian regions. A striking example is microelectronics. We are ready to advance from mere trade to the establishment of joint ventures (especially in mechanical engineering and machine tool making), to participate in import substitution programs,” the president said.

Belarus also has many interesting proposals in the field of agriculture, supplies of equipment and component parts, space exploration, and pharmaceuticals.

“We are not talking about some kind of overlapping productions. We are not going to compete with each other. I have already said this and I will repeat it again: everyone will benefit from cooperation in the manufacturing industry,” the Belarusian leader stressed.

He drew attention to the fact that huge market niches worth billions of rubles were abandoned by Western companies and are now vacant. “We will take over these jobs, which will be guaranteed income for millions of Belarusians and Russians,” Aleksandr Lukashenko said.

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