Belarus and Chinese Exim Bank signed an agreement on a number of lending projects worth over $ 1 billion. In particular, they signed an agreement to provide consumer credit of USD 654 million to build a plant for the production of bleached sulphate cellulose at JSC “Svetlogorsk”.
A loan agreement for USD 340 million was also signed to finance the reconstruction of the road M-5/E271 Minsk-Gomel. Also, an agreement was concluded regarding the project “Electrification of Gomel-Zhlobin-Osipovichi and Zhlobin-Kalinkovichi” for USD $ 64 million (first stage).
Previously adopted plans and programs regarding modernization of enterprises and infrastructure needed to be implemented to an extent. In this regard, the Chinese loans are fairly accessible. However, besides positive aspects, there are negative. It increases the total credit debt and external debt of enterprises and the government. Loans need to be repaid, for instance, “Belenergo”, received USD 3 billion of Chinese loans in the past, now it has a very big problem repaying it. The dependency on Chinese loans and China in particular is increasing. In addition, Chinese loans mean that 80-90% of the money will return to Chinese companies. Also, experts often complain about the lack of transparency of transactions, as well as about high (European level) costs for Chinese quality of services.
During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.