Russia’s support to fully neutralize sanctions impacts on Belarus – Golovchenko
MINSK, Jul 16 - PrimePress. Russia’ support will fully cover the impacts of the Western sanctions against Belarus, Prime Minister of Belarus Roman Golovchenko said on July 16 during his trip to Vitebsk.<br> <br> “This concerns credit and financial support for the Belarusian financial system, insurance of transactions we conduct. Therefore, we have no doubt that there will be support from Russia on mutually beneficial terms. It will completely cover the possible consequences that those who imposed the sanctions hope for,” said Golovchenko. <br> <br> Speaking about joint actions of Belarus and Russia in the face of the sanctions, he reminded that Presidents of Belarus and Russia Alexander Lukashenko and Vladimir Putin instructed the governments after their talks on July 13 in St. Petersburg to render this support. Golovchenko declined to disclose details of the instructions.<br> <br> “I don’t want to be misunderstood. This is a rather sensitive matter. We are watched by those who seek building up sanctions pressure. So, let it remain between us [the governments of Belarus and Russia] how we will respond,” he said.<br> <br> As previously reported, at the meeting held on July 13, 2021 in St. Petersburg, Putin and Lukashenko reached an agreement on the price of Russian natural gas for Belarus in 2022, which remain at the level of 2021. They also agreed on credit support for Belarus in connection with the tax maneuver in the Russian oil industry, and worked out measures for cooperation in the customs, tax and energy sectors.<br> <br> On June 25, 2021, the EU Council introduced sanctions against largest sectors of Belarus’ economy. The sanctions prohibit direct or indirect sale, supply, transfer or export to any natural or legal person, entity or body in Belarus or for use in Belarus of goods used for the production or manufacturing of tobacco products; the purchase, import or transfer from Belarus of petroleum products, potassium chloride products. The EU Council prohibited EU entities and individuals from purchasing, selling, and provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 29 June 2021. The government of Belarus, public bodies, corporations or agencies, or entities acting at their direction, are prohibited from acquiring insurance or reinsurance services from the EU. Any payments or disbursements by the European Investment Bank in connection with any existing agreements with the Republic of Belarus or its public authorities shall be prohibited. The EU member states will take the necessary measures to limit the involvement of multilateral development banks in Belarus. The prohibitions shall be without prejudice to the execution of contracts concluded before 25 June 2021 or ancillary contracts necessary for the execution of such contracts.<br> <br> After the August 2020 presidential elections in Belarus, a political crisis began in the country. The authorities responded to the protests of citizens who disagreed with the election results with harsh repression and persecution. Since October 2020, the EU has already introduced three packages of (mostly targeted) sanctions against the Belarusian authorities. End<br> <br>
2021-07-17
Primepress
Russia’s support to fully neutralize sanctions impacts on Belarus – Golovchenko
“This concerns credit and financial support for the Belarusian financial system, insurance of transactions we conduct. Therefore, we have no doubt that there will be support from Russia on mutually beneficial terms. It will completely cover the possible consequences that those who imposed the sanctions hope for,” said Golovchenko.
Speaking about joint actions of Belarus and Russia in the face of the sanctions, he reminded that Presidents of Belarus and Russia Alexander Lukashenko and Vladimir Putin instructed the governments after their talks on July 13 in St. Petersburg to render this support. Golovchenko declined to disclose details of the instructions.
“I don’t want to be misunderstood. This is a rather sensitive matter. We are watched by those who seek building up sanctions pressure. So, let it remain between us [the governments of Belarus and Russia] how we will respond,” he said.
As previously reported, at the meeting held on July 13, 2021 in St. Petersburg, Putin and Lukashenko reached an agreement on the price of Russian natural gas for Belarus in 2022, which remain at the level of 2021. They also agreed on credit support for Belarus in connection with the tax maneuver in the Russian oil industry, and worked out measures for cooperation in the customs, tax and energy sectors.
On June 25, 2021, the EU Council introduced sanctions against largest sectors of Belarus’ economy. The sanctions prohibit direct or indirect sale, supply, transfer or export to any natural or legal person, entity or body in Belarus or for use in Belarus of goods used for the production or manufacturing of tobacco products; the purchase, import or transfer from Belarus of petroleum products, potassium chloride products. The EU Council prohibited EU entities and individuals from purchasing, selling, and provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 29 June 2021. The government of Belarus, public bodies, corporations or agencies, or entities acting at their direction, are prohibited from acquiring insurance or reinsurance services from the EU. Any payments or disbursements by the European Investment Bank in connection with any existing agreements with the Republic of Belarus or its public authorities shall be prohibited. The EU member states will take the necessary measures to limit the involvement of multilateral development banks in Belarus. The prohibitions shall be without prejudice to the execution of contracts concluded before 25 June 2021 or ancillary contracts necessary for the execution of such contracts.
After the August 2020 presidential elections in Belarus, a political crisis began in the country. The authorities responded to the protests of citizens who disagreed with the election results with harsh repression and persecution. Since October 2020, the EU has already introduced three packages of (mostly targeted) sanctions against the Belarusian authorities. End