Lukashenko has estimated the losses of Belarus from the devaluation of the ruble

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In 2016, the economy of Belarus has lost about $3 billion due to the devaluation of the ruble, said President of Belarus Alexander Lukashenko. The only bright spot, he said, was the growth of trade turnover and deliveries to Russia

Belarus for 8-9 months of 2016 lost about $3 billion on the devaluation of the Russian ruble, said President of Belarus Alexander Lukashenko on 17 November at a press conference for Russian journalists and bloggers.

“We lost in 8-9 months of this year, about $3 billion from the collapse of the Russian ruble. Fallen turnover,” quotes his words Tut.by. Lukashenko noted that the bilateral trade in monetary terms fell in 2015-2016. At the same time the President of Belarus pointed to the fact that the physical volume of trade increases.

“The only bright spot in all this is that the physical volume of trade turnover and deliveries to Russia fell into the physical quantities we grow, but we believe the turnover in dollar terms. Here we have especially nothing to brag about” — he said (quoted by “the Belt”).

Lukashenko said that in 2016 the Belarusian GDP could fall by 2% (previously, the Belarusian authorities are counting on the zero dynamics of the GDP), however, next year the economy can show growth of 1.5%. Noting that the Belarusian economy is very dependent on Russian energy supplies, Lukashenko admitted that he and his Russian colleagues “causes some irritability, we are unable that year to get out of this nosedive and restore our economy.”

According to Lukashenko, the CIS in its economic policy should not “fence itself off from each other some fences”, as the economies of the Commonwealth countries are “complementary”. “What’s the catch: we all are Republic and CIS States begin to defend themselves, separate in their national framework, trying to defend himself. I think this is wrong,” — said the Belarusian leader.

Lukashenka on 22 November, is scheduled to meet with Russian President Vladimir Putin in Moscow, where, according to the Belarusian leader, the parties “will try to give a new impetus to the relations” of Russia and Belarus. However, Lukashenka stated that “the new good in our relationship, unfortunately, nothing.”

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