Belarusian authorities to re-introduce payments by drafts

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April 22, 2016 19:07

As of May 2015, Belarusian exporters are allowed to sell their products for non-resident customer bills. With this tool, Belarusian producers may legally delay payments to foreign customers for up to one year. As a result, payment terms for delivered products might be prolonged, domestic products might be sold with a discount, exports somewhat increase, support for exporters increase, including through delays in the return of foreign exchange earnings to Belarus. The ‘payment by drafts’ was very popular in Belarus in the late 1990s. Now this payment system may be re-introduced on the domestic market in order to sell products of the most troublesome enterprises.


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The Belarusian authorities regard the Catholic conference as yet another international event to promote Minsk as a global negotiating platform. Minsk’s proposal to organise a meeting between the Roman-Catholic Church and the Russian Orthodox Church is rather an image-making undertaking than a serious intention. However, the authorities could somewhat extend the opportunities for the Roman-Catholic Church in Belarus due to developing contacts with the Catholic world.

Minsk is attempting to lay out a mosaic from various international religious, political and sportive events to shape a positive image of Belarus for promoting the Helsinki 2.0 idea.

Belarus’ invitation to the head of the Holy See for a meeting with the Patriarch of the Russian Orthodox Church should be regarded as a continuation of her foreign policy efforts in shaping Minsk’s peacekeeping image and enhancing Belarus’ international weight. The Belarusian authorities are aware that their initiative is unlikely to find supporters among the leadership of the Russian Orthodox Church in Moscow. In Russia, isolationist sentiments prevail.

In addition, for domestic audiences, the authorities make up for the lack of tangible economic growth with demonstrations of growth in Minsk’s authority at international level through providing a platform for religious, sportive and other dialogues.