Belarus expects to produce $25 billion worth of new products in 2022

16 мая 2022
Belarus is stepping up import substitution. At the end of this year, domestic producers have to manufacture new products worth $25 billion, noted the Ministry of Economy. The enterprises of different sectors will be working on this task, focusing on the production of vehicle components. This has become especially urgent after the sanctions imposed on Belarusian and Russian companies. And now the allies are joining their efforts to close the most sensitive product positions with their own forces. 

Yuri Chebotar, First Deputy Minister of Economy of Belarus:

“We involve all categories of enterprises in this work as much as possible. About 2000 enterprises participate this year, 3000 commodity items including 250 investment projects. Together with our colleagues, we monitor these projects if there are any questions and provide appropriate support.” 

We are talking about both new production facilities and organization of new lines at the existing enterprises. The working groups have already been created for different sectors: automotive, elevator, agricultural machinery and others. Sites for production of imported analogues have been determined. The potential of the National Academy of Sciences is involved.