Belarus, Russia’s Nizhny Novgorod Oblast intend to raise trade to $1bn



       Belarus and Nizhny Novgorod Oblast of Russia are set to raise the trade to $1 billion. This goal was set following the talks between Belarus President Alexander Lukashenko and Governor of Nizhny Novgorod Oblast of Russia Valery Shantsev:





       Our cooperation with your region can be described as the best among all the Russian regions, We have the plan, the goals, and we work in accordance with a special 5-year program. Our interaction gives good results. In the economically difficult 2016 our trade increased by about 7.5% and exceeded the $0.5 billion.


Taking into account the opportunities, we believe that there are all preconditions for increasing mutual trade to the level of 2012. Back then we had trade at $800 million.



For his part, Valery Shantsev stressed that Belarus is Nizhny Novgorod Oblast’s biggest foreign economic partner among 143 countries. “Our trade and economic ties are incomparable,” Valery Shantsev underlined. Taking into account the fact that Belarus and Nizhny Novgorod Oblast cooperate indirectly in some fields, the bilateral trade exceeds $750 million.


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