Privatisation and banking sector are the most likely sources to replenish international reserves
The situation has not changed
Belarus’ international reserve assets calculated by the IMF SDDS standards decreased by USD 427.7 million in January 2014. Due to significant payments on Belarus’ public debt and the lack of loans from Russia, Belarus’ international reserves fell to USD 6.2 billion, regardless of a relative stability on the currency market. Most likely, the National Bank will increase pressure on the banking sector in order to find means to replenish the gold reserves. In addition, Belarus may reconsider prices on privatisation assets and sell some for circa USD 100-200 million.
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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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Situation in Belarus
October 21 – October 27
Constitutional referendum: main consequences
April 12, 2022
Speakers: Anatoliy Lebedko, Andrei Kazakevich
Video
How to count the political prisoners: are the new criteria needed?
March 28, 2022
Speakers: Aleh Hulak, Aleh Aheyeu, Viachaslau Kasinierau
Video
Paternalism In Decline, Belarusian Euroscepticism, And The Influence Of Russia
October 11, 2021
Video
Belarus Joins BRICS: Another Brick in a Wall Without Mortar
October 21 – October 27
“Atomic Victory”: The Enemies Want to Steal It Too
October 14 – October 20
The Path of Dependency: Faith and Loyalty by Necessity
October 7 – October 13
Instrumentalization of History: The Victim Stance
September 30 – October 6
Peacemaking without Normalization: Writing “BRICS” with the West in Mind
October 21 – October 27
Lukashenka’s Regime Gained Modest Attention from the U.S.
October 14 – October 20
Did Lukashenka try to make a deal with the Americans?
October 7 – October 13
The Shadow of The Hague Looms Over the Lukashenka’s Regime
September 30 – October 6
Preparation for a New Strike on Ukraine: Minsk and Moscow Approve the Concept for the Strategic Maneuvers “Zapad-2025”
October 21 – October 27
Russia is amassing missile weapons in Belarus ahead of large-scale joint maneuvers in 2025
October 14 – October 20
The arrival of Russian MiG-31K jets serves as a reminder of Belarus’ subordinate status
October 7 – October 13
The New Normal: Lukashenka’s Regime Calls Russian Drones Ukrainian
September 30 – October 6
Elections 2025: Are Democratic Forces Out of the Game?
October 21 – October 27
Democratic Forces: Walking the Razor’s Edge of Repression
October 14 – October 20
Democratic Forces: In Pursuit of The Hague for Lukashenka
October 7 – October 13
Elections 2025: Democratic Forces Distance Themselves from the Domestic Political Calendar
September 30 – October 6
Elections 2025: In Anticipation of “Black Swans”
October 21 – October 27
Elections 2025: Lukashenka Strives to Regain Legitimacy with Carrots and Sticks
October 14 – October 20
The regime sends a signal to opponents: expropriation for critics, belarusianization for the loyal
October 7 – October 13
Start of Lukashenka’s Election Campaign
September 30 – October 6