Integration of Russia and Belarus will add 1.5 percent of the growth of GDP countries per year. Such calculations brought the head of the Ministry of Economic Development of Russia Maxim Reshetnikov, RIA Novosti reports.
Countries should integrate their markets in a very short time, he noted. Reshetnikov added that there is another benefit of integration: the expansion of access of Belarusian products to the Russian market will strengthen competition in the country’s economy. According to him, the tax burden on business as a result of the integration of two tax systems will not grow, TASS reports.
Previously, the representative of the Kremlin Dmitry Peskov denied the assumption about the emergency creation of a single currency of Russia and Belarus. According to him, there are no less form of economic integration of two countries.
Russia and Belarus on August 9 agreed on all 28 programs of the Union State. They are aimed at the unification of the legislation of Russia and Belarus in various fields of economics, economy, transport.
In addition, Russian governments and Belarus agree on the allocation of new financial support to Minsk, since September to the end of 2022 it will be about $ 630 million.