Belarus loses up to $18 billion a year from sanctions



The volume of losses suffered by the Belarusian economy due to Western sanctions is about 16-18 billion dollars per year. These data were given by the country’s Prime Minister, Roman Golovchenko, in an interview with the Al Arabiya television channel, the state agency BelTA reported on Sunday, May 15.

According to Golovchenko, because of the sanctions, Belarus was deprived of the opportunity to sell its goods to the European Union and North American countries. To compensate for the losses, Minsk will redirect export flows to other markets – “including Asia, Africa, the Middle East and the Persian Gulf”, the prime minister said.

At the end of February, the European Union published an updated list of sanctions against natural and legal persons from Russia and Belarus responsible for recognizing the “independence” of the self-proclaimed “DNR” and “LNR” and aggression against Ukraine. There are 670 items on the list in total. It included a number of military leaders and government officials of the Republic of Belarus. Their assets in the EU will be frozen.

Source: delfi

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