Belarusian foreign trade under pressure from recession in Russia
The situation has not changed
In December 2014, foreign trade deficit totalled USD 1369.7 million, an all-time low since November 2010.
Main factors, which influenced this situation were devaluation of the Russian rouble, and fall in petrochemicals and oil price. In the short run, the foreign trade deficit might be reduced due to the reduced demand on imports. The moratorium on VAT repayments will be prolonged, and the Belarusian rouble‟s devaluation will reduce the number of Belarusian customers in Ukraine and Russia, as well as, chaotic imports to Belarus. However, the positive effects from the reduced imports might be offset by lower profit margins from exports of petrochemicals and reduced sales of anti-oxidants and bitumen mixtures.
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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
December 2 – December 8
Constitutional referendum: main consequences
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Speakers: Anatoliy Lebedko, Andrei Kazakevich
Video
How to count the political prisoners: are the new criteria needed?
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November 25 – December 1
Lukashenka’s Peacekeeping Intentions Clash with the Kremlin’s Plans for Ukraine
November 18 – November 24
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December 2 – December 8
Lukashenka’s Regime Contributed to the Creation of the “Oreshnik” and Seeks to Deploy It in Belarus
November 25 – December 1
The Kremlin Shields Belarus with a Nuclear Umbrella but Silences Its Voice
November 18 – November 24
Belarusian Military Intelligence Prepares for NATO Aggression
November 11 – November 17
Democratic Forces: Navigating the “Elections” Without Losses
December 2 – December 8
Tsikhanouskaya’s Office: Consolidation and Protection of Activists
November 25 – December 1
New Challenges: Kanapatskaya and the Security Forces’ Special Operations
November 18 – November 24
Democratic Forces Address the Consequences of Electoral Repressions
November 11 – November 17
Deferred Transition of the Lukashenka Family
December 2 – December 8
Lukashenka’s Regime: Navigating Elections Ahead of a Crisis
November 25 – December 1
Elections in Full Swing: Lukashenka Everywhere
November 18 – November 24
Plans for the 2025 Elections: Lukashenka Seeks to Regain Popular Support
November 11 – November 17