Belarus having nothing to pay with :: Charter'97 :: News

“Belarus has incredibly large outstanding debts to foreign companies. That makes us consider that Belarus is short of money and it really has nothing to pay with”, the analyst of the British research center “Global Insight” Natalia Leschenko says.

Standpoints of Russia and Belarus and their relationship with Europe are going to depend on the war of images. Will Russia manage to confirm the European Union that Belarus does not fulfill its obligations or will the Belarusian government manage to create the Russia’s image of a state threatening the Belarusian sovereignty?”, considers Natalia Leschenko . .
Much is going to depend on Lukashenka’s actions .He has appeared between wind and water because if he takes away the Russian gas trafficking to Europe, he will completely eliminate the possibility of improving the relations with the European Union which he considered as the alternative to the relations with Russia, Natalia Leschenko told the Radio Svaboda.
The analyst considers that Belarus is really short of money. “Last week the Global Insight reduced the sovereignty rating of Belarus to the situation of probable default. To the best of out knowledge, the liquidity is highly problematic in the country. It is true that the external debt here is really low because not much has been lent to Belarus. But Belarus has incredibly large outstanding debts to foreign companies, as far as our calculations go, around USD 92 to Russian companies and USD 193 million outside the C.I.S. That makes us state that Belarus is short of many and has nothing to pay with”, the analyst of the British research center says.