Glazyev: support for joint goods of Belarus and Russia will become a vector of growth for the Union State

17:54, 7 April

Photo: MEF

State Secretary of the Union State Sergey Glazyev, speaking on the sidelines of the Moscow Economic Forum, called the implementation of a strategy of advanced development in the Russian economy with a growth rate of 5-8% of gross domestic product important.

According to the Secretary of State, such GDP growth rates can be ensured by the introduction of a targeted loan system at 3-4% per year.

"One of the key measures should be to support the goods of the Union State, products that Russia and Belarus produce jointly," Sergei Glazyev noted.

The speaker called for stopping the massive outflow of capital, which reaches $ 100 billion per year. Instead, Sergey Glazyev proposed using duties on the export of raw materials to finance domestic innovations. In his opinion, the proposed measures will allow Russia to develop faster, maintaining stability despite any external pressure.

Sergey Glazyev named 5 components of the Advanced Development Strategy at the IEF-2026. This will result in an annual increase in production of 8% with a 16% increase in investment.

- accelerated growth of a new technological order;

- dynamic catch-up in highly developed segments of the economy (aviation, energy, oil and gas engineering, construction, agriculture);

- сatch-up development (industrial vehicle assembly);

- in-depth processing of raw materials;

- stimulating innovation activity, developing human potential.

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