Belarusian authorities to re-introduce payments by drafts

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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Belarusian authorities resumed arrests of opposition
September 25, 2017 11:14
Николай Статкевич. Фото: Дмитрий Брушко, TUT.BY

Following crackdown and arrests of participants in the spring protests, the authorities resumed arrests as punishment for participating in street protests in addition to fines, which for some time were the only punishment for political activity. On September 22nd, 2017, the riot police detained the Belarusian National Congress leader Nikolai Statkevich, the opposition politician was placed in detention centre on Akrestin street. On the same day, after serving seven days of arrest, another BNC leader, Vladimir Neklyaev, was released. He was sentenced for organising a street protest on September 8th against the West-2017 exercises. Other participants in the protest have been fined too. The authorities are likely to continue to use fines and arrests against political activists to punish for their protest activity.