Governor: Complementarity of economies opens up new opportunities for Belarus, Russia

“It is good to develop cooperation with the regions that have similar economic structures. The economic structures of Minsk Oblast and Moscow Oblast have a lot in common: a significant part is industry, so there is a huge field for cooperation. Moscow Oblast is the most important trade and economic partner for Minsk Oblast, as well as for the whole country in general. There are a lot of programs, both in Russia and here, on import substitution, and this is an opportunity to use state support in the implementation of important projects, necessary for our countries,” Aleksandr Turchin said.

In his words, today the complementarity of the economies in the areas where Russia and Belarus substitute technologies opens up new opportunities for the two countries. During the next visit in the new year, the parties should outline specific plans for further cooperation.

The Minsk Oblast main commodity exports include dairy products, grounds means of transport, their parts, meat and edible meat by-products, medicines packaged for retail sale, oil refined products, other finished or preserved meat products. Export of food products and agricultural raw materials to Moscow Oblast amounted to $337.1 million (up 100.2%) in January-September 2023. The main exports comprised butter and other dairy fats, finished or canned meat products, by-products, meat and edible by-products of fresh or frozen poultry. Imports from Moscow Oblast include parts and equipment for cars and tractors, plant care products, products used in animal feeding, plastic products for packaging, transportation of goods, ethylene polymers in primary forms.