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Belarus and Russia are collaboratively crafting a strategy to handle Belarus’ national debt efficiently up to the year 2026, announced Dmitry Krutoi, the Belarusian Ambassador to Russia. This crucial plan aims to manage debt sustainably while maintaining macroeconomic stability.
In an effort to support the Belarusian economy, Russia has shown flexibility by considering all proposals from Belarus. The finance ministries of both countries are focused on formulating a debt management strategy that would ensure the national budget is not burdened. This initiative will also liberate resources for investment in significant development projects and help maintain Belarus’ gold and currency reserves at a secure level.
Regarding Belarus-Russia trade, the objective for 2024 is to at least match the previous year’s turnover, keeping Belarus’ contribution to Russian imports at 9% with aspirations to reach 15%.
Moreover, both nations are pushing forward on import substitution, enhancing cooperation through numerous joint projects and potentially expanding the funding beyond the initially allocated 105 billion Russian rubles, emphasizing the mutual benefits of these endeavors.
