The euroasian Friendship Cup continues in grodno today in the International Hockey tournament, the second round, the hosts of the ice, the neman players, after a successful start, they will meet with the sokol team, the representative of the left the day before , let me remind you, the russians did not leave a chance for mada from kazakhstan and this is the barys farm club playing in the khl, the belarusians were stronger commands. Humo from uzbekistan confrontation neman sokol on the evening air belarus 5 start 18 35. And the match of humonads will start at 15 00. More information from my colleagues on our air at 15 00 see you soon. On the political talk show , in essence, as always, we will talk live about what worries us residents of belarus today , such a cream on the economy, we will talk about import substitution. Not only, but, of course , we will touch on the situation on the Foreign Exchange market. I think by all means, if you want to become participants in our discussion, please find your smartphone on the tv screen. Here in the left corner of the screen there is a qrcode, join the youtube broadcast with your thoughts. Share. Ask questions to experts. Here in the right corner of our screen there is a link to the telegram channel. Where you can see whats going on behind the scenes of our programs. And so hello good evening. Well, our behindthescenes joke, why are we talking in the dark today about that, well, weeping over the Foreign Exchange market Irina Vasilievna, we talked about this topic. Actually, im talking about that you watch every day a new report from the currency front. And roughly speaking, the russians there today are talking about the fact that the dollar at 100 is now ninetyeight. We actually have 3 3 2 there. You know when that was a year ago. I somehow noticed that, probably, for the first time, belarusians did not run to the exchangers, somehow calmed down. And now the situation is the same, that is, well, yes, as if the situation is there, its like a market rate. Eh, there you count telegram channels and listen to experts. Everyone explains that this happens and it all passes and this situation does not critical, and i asked you too. And what to do with the dollar . You told me that you need him , does he endure much, what do we have . Here , lets start with this wonderful topic, this one come on economy what to do with the dollar, should i go to take them . This is the last stage, when a person does not have money, she said that in general money performs five functions, one of the functions of e, a store of value. And when we had high inflation, uh, and therefore people didnt know how to save their money. In rubles. It was hard because inflation is going on and the dollar was a kind of, so to speak , a tool for preserving their savings. But it was right, besides, if we talk about youth, when , uh, then, why did you need dollars to go somewhere in the summer to relax, and so on and so forth, but today, when you have import substitution sanctions and etc. And when we especially dont even that we cant really, and we want to go, what we see happening in turkey is, therefore, on the one hand , we no longer need such a quantity. As dollars it is on the one hand. Uh, here, but on the other hand, well, almost everything, we can buy for rubles. Do you mind . Well, uh, we are talking about the fact that imported goods are preserved in one way or another, and of course. We are in rubles, but its clear that a separate part of the population expects that the prices of imported goods can increase. Yes, and of course, they are rising alyona because they are changing logistics. In any case, somewhere. I thought, for some products, a 70 increase. Heres what i bought, lets say. Uh, before these events it was worth such and such a price for several goods 710 . Well , you look at the cars at the border again. These are costs. This needs to be compensated. Even there already the driver, there and so on and so forth. So they are increasing, respectively, due to changes in logistics, im not talking about the fact that if you have to carry far at all, uh , that is, here, by the way, you can talk about the fact that if russia launches this one along the northern sea route, yes. Here it is reducing the time of receipt of goods from e, Southeast Asia by 30 . Its significant cheaper than through the suez canal this time, and secondly, that there are pirates near the suez canal . How like books yes jules true pirates pirates . No , its all returned to the ocean there. No, what an emperor there is, they are robbing the ship. What do you think, what can we expect . From this whole story, its just that again, many people talk about the fact that there are Still Critical imports. We will talk about this, yes, but we actually notice that in these even two years, after such serious sanctions pressure on russia and us as an ally, we they really did a lot to replace belarusian goods with imported belarusian goods on the shelf. Well , anyway, what can we expect . Well, i would radically divide into two groups of consumers one group of consumers, about which Irina Vasilievna spoke, these are people, that is, the population. Yes, that is, and the latter are lawyers and legal entities, the wills form, so to speak, the balance of payments demand for currency. Yes, on a completely different scale, the acquisition screams from this point of view from the second group of consumers. We see what has changed regional partners. Relations have gone, ukraine has completely gone to the European Union there 95 in relation to previous deliveries new markets of southeast africa have appeared there the yuan has already appeared, so to speak, and from this point of view the yuan is just like information, if we see inflation in the european baltic countries 10 plus already, well, in Different Countries are different. Yes, that is, by the way, inflation in belarus is four less than four, yes, that is, in russia, too, so to speak, now they say that inflation is growing, and the yuan is about one and a half percent. Yes, that is, therefore, probably, we should really expect bursts in the Foreign Exchange market, but heres some such. Wow, new shocks, i would not expect, that is, these are rather planned expected shocks and growth of the russian ruble 101. Today, your information and the belarusian ruble are more accurate, because there really is 6 of the belarusian ruble in the russian currency basket well, this is a given. This is a given, if these are the socalled currency risks. They must be fought in quotation marks. We will talk more with you today. Thats about the physical faces at the beginning. Well, we are worried that we are worried about the prices in the store, so that we can go buy everything that i want there, we often say. And what if yes , fantasizing about the future, but i have to you, uh , the question is such a retrospective, do you remember that meeting when the head of state hmm well , quite harshly demanded to deal with price regulation. And if it had not happened at that moment, then now what would our situation be. Well, definitely the inflation levels that are now there is inflation, which was last year, when i definitely wasnt, just no doubt there. And here i would once again confirm the assessment of the head of state that price regulation by the state is not some kind of belarusian knowhow, it is in germany, in europe and in america , it is simply served. So here we have a dictatorship and someone comes there or there is a personal Alexander Grigorievich there he cuts with a saber. This is a tool. I say again that its another matter that today the same retailers are not too poor and the banks are not too poor. Therefore, in principle, this the absolutely correct decision was today not to be alive in a good sense, this is why it is another matter, which, again, i would touch on your question a little more broadly, there is such a concept. Uh, shopping cart. Yes, that is, probably, most people care about people here. Thats exactly a cup, bacon, yes, how i exaggerate again and from this point of view, from the point of view of the consumer picture of Food Products clothes, yes here are the means of such general human life support, the share of belarusian products, well 70 plus minimum uhhuh therefore from this point of view. Yes , the cost of imports will increase. Yes indeed, maybe there. Well, not red caviar, but some citrus pineapples. Yes, its definitely a tool. There , again, goods of the premium segment are sold. Yes, but most people, after all , they can definitely be sure of maintaining the standard of living that we have today. Tell me, please, maybe we should really start buying yuan already, how would the question be, why am i asking this question . Yes, we are more use public information. E in terms of the fact that our business entities are switching to mutual settlements in local currencies and very often many say, well, well, we are starting to trade, lets say with india in reals. There, either in the hands of e, or there in turkey with a lier for a lira we pass or to china anyami, but then what to do with this money . That same critical import must, for example, be bought for the same dollars. So maybe its all for nothing. Here is all this hype, it is public, or else there is a sense in it. Here you are. Actually in your the question has already been given and many answers. Here, look, of course. It is very important for us that we grow in terms of currency, but also take markets from the market for sale, as far as the dollar is concerned. We have taken a lot of fairly correct steps, correct steps so that it would not be the prevailing currency in our calculations, as far as china is concerned. This is china this is clear. We analyze the market. Uh, here is our export that we ship. Uh, lets say in the Russian Federation, because there in many positions. It has already begun to force us out, and we also need to think about this when talking about yuan. Uh, so that it seems to me very important to discuss today when we are talking about currency, when we are talking about what type of currency to choose, when we are talking, in principle, about settlements. We must understand very clearly. And where do we aspire to, what do we want to get in the end, but it seems to me, in the end, considering the topic of import substitution, the topic of sanctions pressure and sanctions, in principle, so i looked at the calendar of sanctions, you know , 15 sheets, in bold font of the ninety sixth year. We are under sanctions, there is already an updated version. This is just an updated version of the 2223 calendar. Here are those periods. So you see, it is very important that we understand when talking about import substitution that there is strategic import substitution, and there is operational substitution, and i, as an employee of the education system. As a native of the education system. I want to tell you that it is very right that we are setting today the task of producing what our partner our former partners. Well, lets just explain today what strategic import substitution is. Roughly speaking, what is the situation. It is when we really make the same combine harvesters in order not to simply supply them from the west. And situationally, when we understand that some kind of gear, which is only in a few results in germany, we will buy it correctly there, and strategic import substitution this is production on the foundation. E sciences are fundamental sciences on these grounds. Something completely new, maybe those technologies, uh, that they cannot offer us even in the west, which is fundamental in our country. This is what we are now ready to replace in science. Here is what our science suggests. Here comes the market, after all. We understand that if you open fantastic books. It says that we were already supposed to fly at that time , there is no such thing on flying saucers yet, yes, when it was this is sanctions, and all the fever we faced with the understanding that we have a certain gap in terms of technology. Yeah well, no in vain so much attention is paid to those very small microcircuits, and which we well, not in full, but heres how we worked out this issue. Hmm, maybe on the basis, including your institute. Well, a colleague quite rightly noted that there are strategic import substitutions, and we have been doing this for a long time. Day even officially we have import Substitution Programs, in which the academy of sciences actively participated, began in 2006, there were two cycles after that, lists of importsubstituting goods were compiled, which are now uh, a few dozen to a hundred, uh, they are located and all this work. In general, it was done with an eye. E, firstly, the possibility of such a situation that happened, but in principle, if you are a mono , lets say, e, monoproducer of one thing , there are always big risks, so we diversified them, trying to replace components in our combines. There were also imports. Now very few of them practically do not exist, and so they took up, among other things, microelectronics. Uh, you see, microelectronics is not only these chips. High performance in modern computers. Generally speaking, for systems. Naturally programmatic control for many of the things that make up well the production of the means of production. That is what allows us to do this material world. Much simpler, and most importantly, cheap chips. Uh, now uh, on behalf of the head of state, a program has been formed on the development of the importsubstituting development of our microelectronic industry. Thats exactly where these questions are, sergey sergeevich, and the program has been created. Well, heres the theory. I think, that with it there if desired, they can familiarize themselves. Lets put it into practice. And what does it imply and what has already been done means that within the framework of this program, it is supposed to reach the technological standards of 250180 nanometers. This is the submicron level. By the end of uh, this level has already been reached, and in some moments. He has already achieved more than that, he will come. For example, a number of technological operations are already being done at the level of e, about sixty nanometers, but again we are talking about, lets say, the mass, yes, e of microelectronic system chips. And thats quite what we need for our industry to provide it more than that, if we talk about the latest recent developments, then what we were strong in microelectronics tschtechnique needed to generate signals for radar for communication here too. E. For example, in our nonradio material , a modern Industry Laboratory has been specially formed, which makes these devices at a new technological level on new dimensional chips, respectively. Uh , that all this allows it, again, allows technological chains to replace what we we can also do what we can do inexpensively, because the factory needs to be built at three nanometers. This is from 20 billion dollars to see. You speak well, no questions asked, you were on instagram yes 2 weeks ago and there was a phrase that we will continue to support the plant, and this phrase also has a really good story. The president says that we support agriculture like no one else in the world. We are talking about the fact that, in fact, we regulate prices like no one else in the world, because we understand that the economy is not crazy market and our manufacturer really gives us valueadded jobs brings money, what we have here on earth is theory and practice, as far as on earth is concerned. If we are talking about industry , then what you mentioned, uh, as a former employee of the industry, i cant say for the former that the import Substitution Program is constantly working and it did not start working in the twentieth year. Our strength lies in the fact that we are constantly doing this. We constantly have our head of State Government with us asked, so we were able to quickly find our bearings. After all, even our neighbor, the strongest country of the Russian Federation, cant eat up a number of production bases that have not yet recovered from the esanction pressure. And we were able to quickly reorient ourselves, too, the integral. The same mass, tractor, plant and so on. Why because we had competence, and we were able to quickly orient ourselves and look at certain details, and well, well. We dont have a mercedes there or more rex company, so we could consider some chinese indian alternatives and well. If there were ours, because, to be honest, we do not produce everything and it is impossible and inexpedient to produce everything. And i repeatedly say that there should always be e. Well, you know the limit in some things in order for our product to become competitive in the end. We can not require 100 correct some percentage of the critical. Yes, we can produce everything, but then this product will become competitive, so we must feel the balance in all these things. And what and the president says, we in the Russian Federation are not in china as a partner. Of course, its good that it was us, but once again we need to look at the volume of production and from logical thinking in general on the need to localize the product. There are really strategically important things for which we owe them, uh, to engage in import substitution so that our country remains independent in the basic. You understand things, well, there wont be one bearing today, right . Gone means, well, we found him in china well, it would be nice if our bearing his name still increased production volumes. And i hope that in 2025 2026 we will see this, because it is extremely disappointing, having such a flagship, not to replace all the bearings. Well, the main nomenclature is not to be produced with us. Although because of the theory. Why doesnt it work for a certain period of time . We probably relaxed and our same chinese partner, european yes , began to put pressure on us on the stock exchange, and we, of course, are chasing cost reductions for eunification of the product. Yes, we purchased the manufacturer that forgive sin. I was the leader. We bought what is cheaper, it is not inferior to quality. And, of course, we looked to reduce costs as much as possible so that our product was competitive and missed our serious partners at some point this global trend was global. The value chain is added, so it turned out that two companies, in fact , two countries in the world occupy 70 of the chip market , this is a problem that now solves not only belarus but russia russia the usa and the Europe