Vice premier: Rising energy prices for the EU open a window of opportunity for Belarus

Rising energy prices for the EU amid sanctions open a window of opportunity for Belarusian producers, Belarusian Deputy Prime Minister Piotr Parkhomchik said in an interview to ONT TV channel, BelTA has learned. “We have agreed oil and gas prices. Therefore we will continue importing them,” Piotr Parkhomchik said, answering a question about the expectations from the rising energy prices in the EU.

At the same time, according to the deputy prime minister, this opens new opportunities for Belarusian producers. “We have a window of opportunity. We produce a lot of pellets and a lot of wood products, which can be used in Europe.

I think there will be private companies that will build bridges so that the products we produce could enter the European market,” he said. Piotr Parkhomchik believes that “life will force them to take our products”. The vice premier also mentioned joint investment projects between Belarus and Russia amid the sanctions pressure on the two countries.

“There is a second part, caused by the sanctions imposed on our country and Russia. We have a big number of investment projects here. As of today, there are already more than 20 projects.

They involve a large number of vital areas. Both the Russian Federation and the Republic of Belarus are interested in these projects,” he stressed. Piotr Parkhomchik believes that this gives a certain technological sovereignty to the Belarusian companies.

“We just need to unify our design capacities in order to get an effect,” he added. The deputy prime minister outlined the most promising of the Union State projects. In particular, he named the project with Mogilevkhimvolokno.