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Lukashenko: Belarus will reduce agriculture subsidies to 10%

IVATSEVICHI DISTRICT, 2 December (BelTA) – Agriculture subsidies in Belarus will be cut down to 10% of the gross output of the sector, Belarus President Alexander Lukashenko said during his working trip to Ivatsevichi District, Brest Oblast, on 2 December.

“We have taken up certain obligations in the Customs Union and the Single Economic Space. Russia and Kazakhstan are committed to reduce support to the sector. So are we. Their assistance makes up 10%, we are still at 18%. The reduction is necessary and the right thing to do,” said Alexander Lukashenko.

“The support will be available but its volume will reduce,” the head of state warned.

The Belarusian leader emphasized one stringent requirement that is to pay back the loans. “The money should be returned. No debt writing-off,” the President said.

Deputy Prime Minister of Belarus Sergei Rumas stated in his recent remarks in the House of Representatives of the National Assembly that due to the commitments in the Single Economic Space, the Troika is set to harmonize their legislations in agriculture by 2017. That includes the agreement on subsidies to agriculture which should not exceed a 10% limit.