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from 16.06.2022

Nikolai Snopkov: Belarus, Russia need joint strategies to fight back against sanctions

Belarus and Russia need joint strategies in the digitalization of production, biotechnology, pharmaceuticals, microelectronics, space and other areas to fight sanctions back, Belarusian First Deputy Prime Minister Nikolai Snopkov said at a panel session on the Union State development during St. Petersburg International Economic Forum on 16 June.

“This can be done through the mechanism of the Union State programs, so as to agree on the mechanics of new tools. This process should be freed from red tape and supported by more substantial resources. Or we can think of a special tool, for example a Union State investment contract, with the production of components distributed across Russian and Belarusian companies and guaranteed sales within the framework of relevant government programs,” said Nikolai Snopkov.

According to the First Deputy Prime Minister, the recent agreements of the leaders of Belarus and Russia on the allocation of $1.5 billion for the organization of import-substituting production facilities in Belarus are highly important in this regard. “They should be implemented promptly and we need to move further,” Nikolai Snopkov stressed.

Photo: BelTA