There is something to learn: what is the difference between the economies of Russia and Belarus?

In February this year, a meeting between Vladimir Putin and Alexander Lukashenko took place in Sochi, the result of which was a statement on the completion of an inventory of the provisions of the Union Treaty of 1999.

In the inventory of the provisions of the Union Treaty, most attention is paid to the economy. At the moment, both Russia and the Republic of Belarus occupy a semi-peripheral position in the global economy. Both states are mainly exporters of minerals. The sizes of the economies of Russia and Belarus are significantly different, but their export structures are similar - the share of exports of minerals is growing, and the share of high-tech products, on the contrary, is falling.

Export and import of Belarus is more balanced than that of the Russian Federation. The republic buys fuel (oil and gas) from foreign countries, and exports potassium salts. However, with the launch of the Belarusian Nuclear Power Plant and a decrease in the gas share in electricity production, fuel imports should decrease markedly.

If we compare the difference between exports and imports of machinery and equipment of both countries and proceed from these indicators, the Belarusian economy is better developed and has fewer “distortions”. Belarusian exports of machinery and equipment are 4,5-7,2% lower than imports, while in Russia this gap is already tens of percent. Last year, the share of exports of machinery and equipment in Russia amounted to slightly more than 5%, and the share of imports - 44,5%.

However, if we consider the economies of Russia and Belarus as a whole, then Russia wins in terms of quantitative indicators of trade, and Belarus - in terms of quality. That is, the share of exports of manufactured products in Belarus is higher than that of Russia. The economies of the Russian Federation and Belarus complement each other and are parts of a single organism, which in their current form cannot function normally without each other.

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  1. Port Offline Port
    Port April 10 2019 15: 38
    Russia is the donor for all freebie limitrophies, that's the whole economy. All of them stay afloat only thanks to Russia and the margin of safety inherited from the USSR ...
  2. Oleg RB Offline Oleg RB
    Oleg RB (Oleg) April 11 2019 10: 15
    To memorize bye
  3. Anchonsha Offline Anchonsha
    Anchonsha (Anchonsha) April 16 2019 12: 00
    Thanks to Old Man, Belarus has gained momentum in nationalism, which excludes interaction with Russia. Self-identification, or rather Wishlist, struck many post-Soviet countries that previously did not have their own state before the USSR. Now this boom of national self-identification is going on and will go on for a long time until they get their own cones and ruin their economy. But it’s amazing, they all want to be with Russia, with a desire to sit on their neck and at the expense of Russia, but they want to live in their own world, which they call multi-vector and not depend on Russia itself, and sometimes even with betrayal. Russia simply must and owe, for some reason, to all these adapted countries.
  4. Gunter prereen Offline Gunter prereen
    Gunter prereen (Gunter Preen) April 17 2019 10: 33
    Russia has a market that it keeps open to allies of all kinds. The nuclear power plant is also being built by Russia for an ally, and for the money of Russian taxpayers. And here there is no stupidity, no betrayal, pure corruption. And you really need to learn, but only from the "American partners" who allow such allies only two positions - on their knees and cancer!