11.05.2021, 15:53
Inflation is already unfolding faster than the authorities expected.
The Eurasian Development Bank notes the risk of increased inflationary pressure for the Belarusian economy due to US sanctions against Belarusian enterprises. This is stated in the May economic review prepared by the EDB analysts.
According to the website naviny.by, the review notes that the National Bank of Belarus has tightened monetary policy amid high inflation and inflationary expectations. The refinancing rate on April 21 was increased by 0.75% to 8.5%.
“Taking into account the increase by the NBRB of the calculated values of the standard risk, the rates on market loans in Belarusian rubles may rise by 0.5-2 percentage points. This will contribute to ensuring price stability, but will restrain consumer and investment activity, ”economists say.
29.04.2021, 14:17
We will have to forget about processing and re-export.
Due to US sanctions against the Belarusian oil industry, the leadership of Russian companies is considering limiting oil supplies to Belarus. Telegraf.by journalists discussed with Russian expert
Mikhail Krutikhin whether they would agree to this.
What s happening
From June 3, US sanctions will come into force against enterprises of the Belneftekhim concern and some other Belarusian companies (Naftan, Belarusian Oil Trading House, Belshina, Hrodna Azot, Hrodna Khimvolokno, Lakokraska Lida, Polotsk-Steklovolokno, Belneftekhim USA).
Enterprises that cooperate with sanctioned Belarusian companies are advised to complete any transactions with them by June 3. Otherwise, they may already fall under the sanctions.
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In 2007, the administration of
George W. Bush reacted to human rights violations in Belarus by imposing sanctions against the Belneftekhim concern and certain oil and chemical enterprises. Five years ago, under
Barack Obama, after the release of political prisoners, the sanctions were suspended. Today, within the framework of coercion into dialogue and as a reaction to the total repression that opponents of the Lukashenka regime are again subjected to, the
Joe Biden administration threatens to return sanctions. This time their consequences may turn out to be much more severe for the Belarusian economy.
The newspaper Belarusians and Market studied why the American restrictions are so serious and how they can affect the gross-forming sectors of the national economy
20.04.2021, 14:11
The economist explained how the state-owned enterprises of Belarus are threatened by the US sanctions.
Renewal of US sanctions against the Belarusian petrochemical industry may affect the desire of companies from other countries to cooperate with state-owned enterprises of Belarus.
Aleh Mazol, a researcher at the BEROC Center for Economic Research, said this in a comment to belsat.eu.
The expert noted that the sanctions, firstly, will complicate the work of Belarusian companies in the US market, and, secondly, they will become a signal for other counterparties who would like to cooperate with these enterprises.
“Since the sanctions are imposed by the United States itself, they can impose bans on transactions with the dollar and so on. This creates a signal for other companies that would like to work with Belarusian enterprises. And this is the main blow. Not that they will be banned from working in the American market, although this will significantly affec