Russia, Belarus may achieve trade turnover growth in 2021 after 17% contraction in 2020 – Russian deputy prime minister
<p> MINSK, Feb 3, PrimePress. Russia and Belarus may achieve mutual trade turnover growth in 2021 after the 17% fall in 2020 due to the pandemic, Russian Deputy Prime Minister Yuri Borisov said this at the meeting with Belarusian Prime Minister Roman Golovchenko on February 3, 2021 in Minsk. </p> <p> </p> <p> “The turnover was over $35.5 billion in 2019. Belarus ranks first among our economic partners in the CIS. Last year, the year of the pandemic, could not but affect the trade turnover that dropped by 17%. Everything is recovering now, and our task is to consolidate what has already been achieved and do much better,” Borisov said. </p> <p> </p> <p> “We have every possibility to do this [achieve trade turnover growth]. Russia ranks first in terms of accumulated investment in Belarus: over $4 billion in 2020. Around 2,400 companies with Russian capital are operating in Belarus. Belarusian companies operate in Russia. We have an opportunity to further integrate our economies and find additional points of growth of our industry,” he said. </p> <p> </p> <p> Prime Minister of Belarus Golovchenko said on January 26 during his meeting with his Russian counterpart Mikhail Mishustin in Moscow that Belarus and Russia were able to overcome the bilateral trade decline in 2021, which in 2020, according to his estimates, was about 20% of the 2019 turnover. </p> <p> </p> <p> According to preliminary data, the Belarus-Russia trade turnover decreased in 2020 by 28.5% year on year to $25.5 billion. Russian mainly supplied Belarus with crude oil, cars, ferrous metals, natural gas, coal and railcars. End </p> <p> </p>
2021-02-04
Primepress
Russia, Belarus may achieve trade turnover growth in 2021 after 17% contraction in 2020 – Russian deputy prime minister
MINSK, Feb 3, PrimePress. Russia and Belarus may achieve mutual trade turnover growth in 2021 after the 17% fall in 2020 due to the pandemic, Russian Deputy Prime Minister Yuri Borisov said this at the meeting with Belarusian Prime Minister Roman Golovchenko on February 3, 2021 in Minsk.
“The turnover was over $35.5 billion in 2019. Belarus ranks first among our economic partners in the CIS. Last year, the year of the pandemic, could not but affect the trade turnover that dropped by 17%. Everything is recovering now, and our task is to consolidate what has already been achieved and do much better,” Borisov said.
“We have every possibility to do this [achieve trade turnover growth]. Russia ranks first in terms of accumulated investment in Belarus: over $4 billion in 2020. Around 2,400 companies with Russian capital are operating in Belarus. Belarusian companies operate in Russia. We have an opportunity to further integrate our economies and find additional points of growth of our industry,” he said.
Prime Minister of Belarus Golovchenko said on January 26 during his meeting with his Russian counterpart Mikhail Mishustin in Moscow that Belarus and Russia were able to overcome the bilateral trade decline in 2021, which in 2020, according to his estimates, was about 20% of the 2019 turnover.
According to preliminary data, the Belarus-Russia trade turnover decreased in 2020 by 28.5% year on year to $25.5 billion. Russian mainly supplied Belarus with crude oil, cars, ferrous metals, natural gas, coal and railcars. End