The government will continue exerting pressure on importers

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April 22, 2016 19:08

On March 3rd, presidential Decree No 99 extended the moratorium on VAT set-off for 2015. This decision shall apply to all deals as of January 1st, 2015, except supplies from the EAEC countries, which are not subject to this regulation. This measure aims to increase budget revenues; however, some importers might change the logistics of supply in Russia’s favour. As a result, the range of specialised imported goods might decline, prices on products originating from countries other than the EAEC, might increase, some importers may suspend or terminate their activities. The fact that this document has been adopted proves that Belarus has substantial problems with budget revenues and that the state would audit all economic sectors in order to find additional financial resources.

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Minsk strengthens ties with Russian regional elites
October 02, 2017 12:22

President Lukashenka has met with the head of Chechnya Ramzan Kadyrov, who visited Minsk and the Minsk Automobile Plant. Minsk has always sought to have independent links with Russian regional elites, partially, to compensate for the Kremlin's diminishing interest in Belarus. In recent years, Belarus’ contacts with the Russian regions have been extremely intense. However, with some leaders of Russian regions, primarily heads of large republics, communication was more difficult to build. As many analysts in Minsk suggested, Minsk could regard contacts between President Lukashenka and the head of Chechnya as an additional communication channel for relieving tension in relations with the Kremlin. However, most likely, a trusting relationship with Kadyrov is a value for Minsk as such, provided Kadyrov’s broad business and political interests, and a high degree of autonomy for the Chechen leader from the Kremlin.

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