Updated at 13:38,03-06-2024

Lukashenko criticizes EAEU for slow progress in industrial cooperation


Lukashenko criticizes EAEU for slow progress in industrial cooperation
The EAEU has been slow in terms of industrial cooperation, Belarusian President Aleksandr Lukashenko said at a meeting of the Supreme Eurasian Economic Council in Moscow on 8 May, BelTA has learned.

The head of state recalled that last year fundamental decisions were made in order to financially support industrial cooperation. Despite this, serious business activity has not yet gained traction.

"I would like to note once again that work in the face of sanctions requires immediate decisions. Quick decisions. The leaders of the participating countries make such decisions promptly for the most part. However, the decisions are not always implemented quickly," the Belarusian leader noted. "I would like to draw the attention of all those present to the fact that such sluggishness really affects the financial results of our enterprises and leads to tougher competition from third countries."

Taking into account the new mechanism of financial support for industrial cooperation, Aleksandr Lukashenko asked the Eurasian Economic Commission to join this work and organize 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 subsidize projects, and they need to be used in a targeted way, very effectively," the head of state emphasized.