Economic news

Western sanctions block $16-$18 billion worth of Belarusian exports to EU, U.S. – PM

2022.05.16 04:01

Western sanctions block $16-$18 billion worth of Belarusian exports to EU, U.S. - PM
FILE PHOTO: Belarusian Prime Minister Roman Golovchenko attends a meeting with Russian Prime Minister Mikhail Mishustin in Moscow, Russia March 14, 2022. Sputnik/Alexander Astafyev/Pool via REUTERS

(Reuters) – Sanctions that have been imposed on Belarus have blocked $16-$18 billion worth of its annual exports to the West, the Belta news agency cited Belarusian Prime Minister Roman Golovchenko as saying late on Sunday.

Belarus and Russia were hit by sanctions after Moscow sent tens of thousands of troops into Ukraine on Feb. 24 from Russian and Belarusian territory in what it called a “special military operation” designed to demilitarise and “denazify” its neighbour.

Ukraine and the West say the fascist allegation is baseless and that the war is an unprovoked act of aggression.

“Because of the sanctions, almost all of Belarus’s exports to the countries of the European Union and North America have been blocked,” Golovchenko said, according to a transcript of an interview with the Dubai-based Al Arabiya television published by the Belta state news agency.

“This … comes to about $16 billion to $18 billion a year.”

President Alexander Lukashenko has insisted that Belarus must be involved in negotiations to resolve the conflict in Ukraine, saying also that Belarus had been unfairly labelled “an accomplice of the aggressor”.

Belarus was also heavily sanctioned last year following the interception of the Ryanair plane flying between Athens and Vilnius and the arrest of a dissident journalist and his girlfriend after the plane landed.

(Reporting in Melbourne by Lidia Kelly; Editing by Stephen Coates)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 102,904.57 0.95%
ethereum
Ethereum (ETH) $ 2,492.16 0.40%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.53 6.88%
bnb
BNB (BNB) $ 662.15 1.74%
solana
Solana (SOL) $ 174.20 0.97%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.232333 0.37%
cardano
Cardano (ADA) $ 0.820316 2.04%
tron
TRON (TRX) $ 0.271954 2.47%
staked-ether
Lido Staked Ether (STETH) $ 2,490.34 0.40%
sui
Sui (SUI) $ 3.97 0.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,039.61 0.58%
chainlink
Chainlink (LINK) $ 16.75 1.30%
avalanche-2
Avalanche (AVAX) $ 24.92 0.79%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,984.67 0.79%
stellar
Stellar (XLM) $ 0.313376 2.46%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 0.65%
hedera-hashgraph
Hedera (HBAR) $ 0.216653 5.26%
pi-network
Pi Network (PI) $ 1.21 7.27%
the-open-network
Toncoin (TON) $ 3.35 1.65%
hyperliquid
Hyperliquid (HYPE) $ 25.01 0.42%
bitcoin-cash
Bitcoin Cash (BCH) $ 410.62 0.64%
leo-token
LEO Token (LEO) $ 8.57 2.59%
litecoin
Litecoin (LTC) $ 103.66 3.70%
polkadot
Polkadot (DOT) $ 5.08 0.13%
usds
USDS (USDS) $ 1.00 0.02%
weth
WETH (WETH) $ 2,491.44 0.41%
monero
Monero (XMR) $ 336.68 0.99%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,658.84 0.56%
pepe
Pepe (PEPE) $ 0.000014 0.08%
bitget-token
Bitget Token (BGB) $ 4.79 1.54%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999479 0.19%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.08%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 102,979.59 0.94%
whitebit
WhiteBIT Coin (WBT) $ 30.21 0.26%
uniswap
Uniswap (UNI) $ 6.88 0.16%
bittensor
Bittensor (TAO) $ 458.29 0.27%
near
NEAR Protocol (NEAR) $ 3.19 1.92%
aptos
Aptos (APT) $ 5.86 0.21%
dai
Dai (DAI) $ 1.00 0.01%
aave
Aave (AAVE) $ 221.65 0.72%
ondo-finance
Ondo (ONDO) $ 1.03 0.11%
okb
OKB (OKB) $ 54.29 1.06%
internet-computer
Internet Computer (ICP) $ 5.76 0.24%
kaspa
Kaspa (KAS) $ 0.116565 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 19.77 0.77%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.100864 2.65%
tokenize-xchange
Tokenize Xchange (TKX) $ 34.40 0.48%