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Belarus’ vice premier: Export of engineering products to friendly countries up by $1.2bn

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MINSK, 23 November (BelTA) – The export of engineering products to friendly countries grew by $1.2 billion, Deputy Prime Minister Piotr Parkhomchik said at a joint meeting of the House of Representatives and the Council of the Republic, BelTA has learned.

Piotr Parkhomchik told what has been done and is being done to mitigate the impact of the sanctions. “First, the government promptly adopted a package of countermeasures aimed primarily at supporting production, resolving logistics issues and redirecting exports away from unfriendly countries. As far as specific industries are concerned, more than 25 legal acts were adopted in 2022 to support the industrial complex. This includes financial recovery measures and debt restructuring of individual companies in the real sector,” he said.

Second, a lot of work has been done to develop alternative routes for Belarusian exports. “Belarus and Russia signed an intergovernmental agreement in the field of transportation and transshipment of petroleum products and a cooperation agreement in transportation of certain types of cargo through transport corridors passing through the territories of Belarus and the Russian Federation. These agreements will ensure stable transshipment of Belarusian petroleum products through the ports of the northwestern region and southern seaports, and also guarantee the access of Belarusian business entities to services in Russian ports,” the deputy prime minister added.

“In January-September this year, the export to Western and Ukrainian markets dropped by $6.1 billion. Yet, due to our efforts to redirect export flows, the export to friendly countries increased by $5.2 billion,” the deputy prime minister said.

Piotr Parkhomchik drew attention to the fact that mechanical engineering managed to completely redirect the export of electrical equipment, ground freight and passenger transport. The work on redirecting the export of other commodities continues. “The export of engineering products to friendly countries rose by $1.2 billion, while the export to unfriendly countries dropped by $325 million,” he said.

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