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Russia leads in cumulative investments in Belarus

Prime Ministers of Russia Mikhail Mishustin and of Belarus Sergei Roumas had a meeting in Moscow to discuss current aspects of bilateral cooperation and integration processes, the website of the Russian government reports.

As Mushustin said, “Belarus is Russia’s leading foreign trade partner in the Commonwealth of Independent States. Our mutual trade amounted to $35.6 bln in 2018 or 9.6% more than the year before, and stabilized at this level in 2019. Russia still holds the leading place when it comes to cumulative investments in the Belarusian economy: they amounted to some $4 bln in January to September 2019. There are over 2,400 companies with Russian participation in Belarus.”

Roumas, in turn, pointed out that “According to the January data, our trade has decreased. However, we in Belarus are satisfied that our negative balance, which was as much as $9.6 bln, has plummeted to barely $100 mio in January, which means that we are streamlining our trade.”

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