Press-centre

25 may 2023

24-25 May, Moscow, the II Eurasian Economic Forum of business communities and representatives of the authorities of the Eurasian Economic Union (EAEU) member states took place.

The forum, aimed at developing economic cooperation, improving cooperation ties, and implementing the investment, innovation and export potential of enterprises in the Eurasian space, brought together representatives of 54 countries.

Deputy General Director for Marketing and Export Policy, Director of Marketing Centre, Vasili Shostak represented BELAZ in Russian capital. He became one of the speakers of discuss platform “New industry policy: technological independence and international cooperation”. Top-manager of our company told about the implemented program for import substitution, innovative equipment and development of cooperation with the EAEU partners.

The importance and significance of the cooperation interaction in the framework of the EAEU has no doubt. We had to replace simultaneously more than 1,500 components. For the critical imports - traction drives: electric motors, generators, control cabinets - we, together with our partners from the Russian Federation, have for many years accumulated the competencies, capabilities and capacities, which at the right time proved very useful to us and helped to level out the effects of external pressure. We were able to readjust and reorient ourselves quite quickly," said Vasily Shostak in his speech. – Today the system work about the import substitution motivates us for the active innovative development of the production. . We will continue to develop this area to create a joint alliance product that will contribute, among other things, to technological security objectives.

As deputy general director for marketing and export policy of BELAZ noticed, it’s very important to continue the active work for implementing the industry cooperation and Developing not only mechanisms to support the creation of joint products within the EAEU, but also mechanisms to promote and export them in third country markets.