Banks to foster Belarus-Russia integration

Banks to foster Belarus-Russia integration

Belarusian and Russian export projects will get support from an integration platform. On December, Deputy Prime Minister of Belarus Vasily Matyushevsky and representatives of the Russian group of VEB banks signed the relevant memorandum.

This form of cooperation will allow Belarus and Russia to promote joint projects, as well as help Belarusian producers to go on third markets.

By order of the Prime Minister of Belarus, a project office has been established. In the near future, the sides will come up with a list of investment projects that have great integration potential.

Nikolai Luzgin, Chairman of the Board of Belvnesheconombank:
We already have some plans of actions that we will carry out to implement this memorandum.

The list, of course, is still being formed. We are requesting data from our agencies in Russia.

We would like to get more data on companies that are most involved in integration between Belarus and Russia. And then we will work with them in this very direction.