Belarus loses at least $500m due to protest actions – presidential assistant
<p> MINSK, Aug 19 - PrimePress. Losses fr om the ongoing post-election protests in Belarus amount to at least $500 million, Assistant to the President of Belarus Valery Belsky said on August 19. </p> <p> </p> <p> “Losses from the protest actions are not those Br500,000 ($202,617 at the rate of the National Bank) spent to restore the flower beds and lawns. The current damage is already next to $500 million, and it will amount to billions in the future, as the foundations of the system of foreign lending and the country’s investment attractiveness that have been created over the years are being undermined, and sanctions are under consideration,” BelTA state newswire quotes Belsky as saying. </p> <p> </p> <p> Fitch Ratings said on August 19 that possible new EU sanctions may lim it Belarus’ ability to attract external financing and, in general, increase economic challenges for the authorities. The strikes in key sectors of the economy can further affect growth prospects, which have already been negatively impacted by oil supply disruptions and the pandemic this year. End </p>
2020-08-20
Primepress
Belarus loses at least $500m due to protest actions – presidential assistant
MINSK, Aug 19 - PrimePress. Losses fr om the ongoing post-election protests in Belarus amount to at least $500 million, Assistant to the President of Belarus Valery Belsky said on August 19.
“Losses from the protest actions are not those Br500,000 ($202,617 at the rate of the National Bank) spent to restore the flower beds and lawns. The current damage is already next to $500 million, and it will amount to billions in the future, as the foundations of the system of foreign lending and the country’s investment attractiveness that have been created over the years are being undermined, and sanctions are under consideration,” BelTA state newswire quotes Belsky as saying.
Fitch Ratings said on August 19 that possible new EU sanctions may lim it Belarus’ ability to attract external financing and, in general, increase economic challenges for the authorities. The strikes in key sectors of the economy can further affect growth prospects, which have already been negatively impacted by oil supply disruptions and the pandemic this year. End