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Industrial integration projects between Belarus and Russia have been funded by about half. Belarusian Ambassador to Russia Yury Seliverstau said this on Belarusian television.
According to him, the projects are aimed at re-equipping enterprises so they can produce components needed by both countries.
“There are many promising ideas. But unfortunately, not everything is moving as quickly as we would like. We can say that only about half of the integration projects have been financed if we take the total amount. There are various reasons for this. Obviously, both we and our colleagues are trying to cut costs, reviewing the original figures and trying to save where possible. That is, of course, a good thing. But there are also cases where progress is simply slow. And the issue requires acceleration and additional work,” he said.
At the same time, the ambassador noted that some of the projects have already been completed. Pump production has been organized in Pinsk.
“Auto components, as you know, are supplied to various enterprises. In some places, trams are being modernized on the basis of old bogies, while in others, new equipment is being purchased. In fact, cooperation is quite broad, although its potential is still far from exhausted. There are still many market niches occupied by our Asian partners. And often that is because we do not have such products or do not have them in the quantities the market requires. So there is still a lot to work on,” he added.