Lukashenko: working under sanctions requires EAEU to make quick decisions and take action on industrial co-operation
Working under sanctions pressure requires the EAEU to make quick decisions and take action on industrial co-operation – as stated by President of Belarus Aleksandr Lukashenko at today’s meeting of the Supreme Eurasian Economic Council in Moscow
The Head of State outlined a number of areas that require special attention from the EAEU member states. In particular, Aleksandr Lukashenko noted that fundamental decisions were made last year in order to financially support industrial co-operation, “Despite this, there is no serious business activity yet. At the same time, I would like to note once again that working under the conditions of sanctions pressure requires immediate solutions. The leaders of the participating countries, for the most part, make such decisions promptly. However, they are not always implemented quickly.”
The President of Belarus drew the attention of his colleagues to the fact that such sluggishness really affects the financial results of national enterprises and leads to tougher competition from third countries.
“Taking into account the introduction of a new mechanism for financial support of industrial co-operation, I would ask the Commission to proactively engage in this work and organise interaction both in the context of industries and with the involvement of business associations and unions of the EAEU member states. Considerable funds have been allocated to subsidise projects, and they need to be used very effectively in a targeted manner. Our governments, together with the Commission, are responsible for this,” Aleksandr Lukashenko noted.
