Business news

25 May 2023

Lukashenko dead against any barriers, restrictions in EAEU space

MOSCOW, 25 May (BelTA) – Creating a genuine economic union remains a priority task in the Eurasian Economic Union. Belarus President Aleksandr Lukashenko made the statement at a session of the Supreme Eurasian Economic Council in Moscow on 25 May, BelTA has learned.

Aleksandr Lukashenko said: “Creating a genuine economic union remains a priority task for all of us. Everyone notes progress in this matter but I stick to my previous position: there must be no barriers or restrictions whatsoever! It is the underlying principle for building our union and we should reach the goal very soon.”

The president mentioned a great deal of work had been done to set up a common market of state and municipal purchases. “The market of public purchases works albeit not without problems. However, an agreement on mutual recognition of bank guarantees during government procurement and rules on mutual recognition of digital signatures need to be signed and come into force as soon as possible if we want the market to develop,” the head of state said.

Moreover, there is a reserve for expanding the relevant sector of economic relations. In addition to public purchases there are state corporations. “I believe that the lifting of restrictions on access to purchases of state corporations will have a positive effect on the union’s economy,” Aleksandr Lukashenko said.