Minsk has a clear work plan amid western sanctions – Belarusian Prime Minister – Business & Economy

MINSK, July 4 / TASS /. The Belarusian government has a clear plan on how to proceed despite Western sanctions, Prime Minister Roman Golovchenko said on Sunday.

“We are trying to assess the impact of the sectoral sanctions imposed more clearly. I wouldn’t say we are negligent with them or ignore this phenomenon. But we in the Belarusian government have a comprehensive work plan under these conditions. “, He said in an interview with the television channel Belarus-1.

He said he did not want to focus on possible losses to the Belarusian economy from the sanctions. “We know that most predictions about Belarus will never come true. And that’s a good thing. I am convinced that these predictions will also fail,” he said, adding that the tougher conditions caused by the sanctions would lead Belarus to “To act even faster. To open up new markets more actively.”

“We know where we have to go, and that is a stimulating and motivating factor for us,” he emphasized.

Regarding the perspective of Belarus cooperation with European financial structures, Golovchenko noted that “there was and is a serious package of projects that have already been approved by European financial institutions and all the necessary decisions have been taken”.

“The European Union will probably make some explanatory laws, but to my knowledge these sanctions do not apply to the existing agreements,” he said. “Even if they put these projects on hold or reject them for whatever reason, we know how to replace these resources – with our own or borrowed funds.”

Anti-Belarusian sanctions

A number of European countries and the United States do not recognize the results of the presidential election in Belarus in August 2020 and criticize that country’s law enforcement agencies for overly harsh measures against protesters. Against this background, the West continues to impose sanctions and other restrictions on Belarus. On June 25, a new package of sectoral sanctions by the European Union came into force. This is the first time in history that Belarus has been subject to economic restrictions. For example, the European Union has banned the import of potassium chloride, which is mainly used in the manufacture of fertilizers and petrochemical products, expect gasoline and diesel fuel from Belarus. It is also prohibited to export ingredients for the tobacco industry, technology and software for internet control, dual-use vehicles that can be used by the army or the police to Belarus. European investors are prohibited from lending money to Belarusian state structures, companies and banks with a state participation of more than 50% for a term of more than three months.

Previously, the European Union imposed four packages of individual sanctions against 166 Belarusian individuals and 15 legal entities, including industrial giants such as MAZ and BelAZ. Those on the blacklist are denied entry to the European Union and access to the European financial markets. European companies cannot have economic relations with Belarusian legal entities.

In addition, EU states refused flights over Belarusian territory and banned Belarusian airlines from flying in EU airspace.

Minsk describes these sanctions as short-sighted, harmful and an attempt to interfere in the internal affairs of Belarus.

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