Belarus Counts the Cost
Belarus Counts the Cost – The Russian News Agency TASS reported on 19/8/20 that in Belarus’s capital Minsk, the Belarusian presidential aide Valery Belsky announced in an interview that the current damage from the ongoing protests against the presidential election results of 14th August amounted to at least $500 mln and the delayed figure is estimated in billions. Belsky added Belarus would lose 25% of GDP in case of withdrawal from the Union State with Russia and that the foundation of the foreign lending system had been violated, the country’s investment attractiveness has suffered and sanctions being discussed. The full article can be found here.
The editor of Emerging Europe Craig Turp commented that the kind of sanctions that are currently being discussed are limited to personal measures against Alexander Lukashenko and members of his inner circle. They are unlikely to have any direct impact on the country’s wider economy”. The full article can be found here.
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Danny Deegan is the Editor and proprietor of eurasianmarket.com. Born in the UK, currently working in financial services with an emphasis on equity investments and forex trading.