Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, August 21, 2017

Belarusian, Russian regional partnerships bolster relations

Regional ties between Belarus and Russia lay the foundation for wide-ranging economic, social and cultural relations between the two countries, according to the final statement of the first Belarus-Russia forum held in Minsk last week.

The participants of the forum said they believe that bilateral cooperation has made significant headway, especially after the signing of the Eurasian Economic Union Treaty, BelTA reports.

"Strengthening of interregional ties helps address the issues related to the enhancement of the quality and level of life of the people of the two countries, finding new reserves for the development of the common social and economic space of Belarus and Russia," the statement said, according to BelTA.

The participants, from several regions of both countries, discussed the need to continue working on the legal framework for interregional cooperation and fulfill existing agreements on economic and investment ties.

The statement includes specific decisions and solutions for promoting further cooperation between Belarus and Russia, BelTA reports.

The second Belarus-Russia forum will take place in Veliky Novgorod in 2015.