Restrictions against Belarusian enterprises intended to oust competitors from market - EconMin
<p> MINSK, Apr 20 - PrimePress. The move to impose restrictions on Belarusian enterprises is one of the instruments used to squeeze competitors out of the market, Belarus’ Economy Minister Alexander Chervyakov said in a statement posted on the website of the Ministry of Economy. </p> <p> </p> <p> “Imposing restrictions is one of the tools to oust the Belarusian producers from the global market. It is the quality of the Belarusian goods that has proved itself. It is estimated that in the first quarter our foreign trade balance will be plus $1 billion. Our products will find their buyers, if not in the European Union, then in the Eurasian Economic Union and China for sure,” Chervyakov said. </p> <p> </p> <p> In his words, cooperation between Belarusian enterprises and foreign ones (whether American or European) is always based on mutual benefit. </p> <p> </p> <p> “Partners abroad built their business processes, planned their revenues and investments taking into account the work with Belarusian companies. As a result of the restrictions, our partners will have to change their strategy, including possible personnel optimization. And now, amid the pandemic for the economies of many countries, this is an additional negative factor,” Chervyakov said. </p> <p> </p> <p> As previously reported, the U.S. Department of the Treasury will resume on 3 June 2021 the effect of economic sanctions on nine Belarusian companies - Belneftekhim Concern and its U.S. representative office, as well as Belneftekhim-controlled Belshina, Grodno Azot, Grodno Khimvolokno, Lakokraska, Naftan, Polotsk-Steklovolokno, and Belarusian Oil Trading House. The sanctions were imposed in 2006 for violations by the Belarusian authorities of the Iranian sanctions regime and political repression inside the country. Since October 2015, restrictive measures against Belarusian companies have been partially suspended due to progress in the area of human rights, in particular, the release of all political prisoners. </p> <p> </p> <p> After the presidential election in Belarus on August 9, 2020, in which Lukashenko was declared the winner for the sixth time with 80.1% of the vote, and the crackdown on peaceful protests that followed, the European Union, the United States, the United Kingdom, Canada and their allies imposed sanctions against Belarusian officials, including President Alexander Lukashenko, and some companies associated with them. End </p>
2021-04-21
Primepress
Restrictions against Belarusian enterprises intended to oust competitors from market - EconMin
MINSK, Apr 20 - PrimePress. The move to impose restrictions on Belarusian enterprises is one of the instruments used to squeeze competitors out of the market, Belarus’ Economy Minister Alexander Chervyakov said in a statement posted on the website of the Ministry of Economy.
“Imposing restrictions is one of the tools to oust the Belarusian producers from the global market. It is the quality of the Belarusian goods that has proved itself. It is estimated that in the first quarter our foreign trade balance will be plus $1 billion. Our products will find their buyers, if not in the European Union, then in the Eurasian Economic Union and China for sure,” Chervyakov said.
In his words, cooperation between Belarusian enterprises and foreign ones (whether American or European) is always based on mutual benefit.
“Partners abroad built their business processes, planned their revenues and investments taking into account the work with Belarusian companies. As a result of the restrictions, our partners will have to change their strategy, including possible personnel optimization. And now, amid the pandemic for the economies of many countries, this is an additional negative factor,” Chervyakov said.
As previously reported, the U.S. Department of the Treasury will resume on 3 June 2021 the effect of economic sanctions on nine Belarusian companies - Belneftekhim Concern and its U.S. representative office, as well as Belneftekhim-controlled Belshina, Grodno Azot, Grodno Khimvolokno, Lakokraska, Naftan, Polotsk-Steklovolokno, and Belarusian Oil Trading House. The sanctions were imposed in 2006 for violations by the Belarusian authorities of the Iranian sanctions regime and political repression inside the country. Since October 2015, restrictive measures against Belarusian companies have been partially suspended due to progress in the area of human rights, in particular, the release of all political prisoners.
After the presidential election in Belarus on August 9, 2020, in which Lukashenko was declared the winner for the sixth time with 80.1% of the vote, and the crackdown on peaceful protests that followed, the European Union, the United States, the United Kingdom, Canada and their allies imposed sanctions against Belarusian officials, including President Alexander Lukashenko, and some companies associated with them. End