India is interested in buying a stake in “Belaruskali”

Category status:
April 22, 2016 17:57

The Indian government has expressed its intention to invest in “Belaruskali” and waits for response from Belarus. The Extraordinary and Plenipotentiary Ambassador of India to Belarus Manoj Bharti said at a press conference, “Proposal of the Indian government has already been submitted and we are waiting for the Belarusian reaction”.

The Extraordinary and Plenipotentiary Ambassador of India to Belarus Manoj Bharti said at a press conference, “Proposal of the Indian government has already been submitted and we are waiting for the Belarusian reaction”.

Comment

India is the largest buyer of Belarusian fertilizers. Accordingly, the sale of shares to the buyer is not in the interests of the seller. For the Belarusian authorities it is important to show that bargaining for the enterprise continues. However prospects of selling it to non-Russian investors are vague, bearing in mind that “Sberbank” of Russia has taken as collateral for the $ 2 billion loan of 30% of the shares thereby having indirect control over the privatization of the enterprise. The annual foreign currency earnings of “Belaruskali” are about USD 2 billion, moreover it needs to attract new loans therefore neither “Belaruskali” nor the National Bank will not be able to return the loan to the Russian “Sberbank”. Respectively, the privatization of “Belaruskali” (albeit delayed) will be solely for the benefit of Russia. Russia estimated assets of “Belaruskali” at USD 10-15 billion, while Lukashenko at USD 30 billion. Sooner or later (2012-2013), both parties will reach a compromise.

 

Similar articles

President ensures continuity of state administration with young middle-level personnel
October 02, 2017 12:08
Image: BRSM.BY

President Lukashenka continues to rotate staff and rejuvenate heads of departments and universities following new appointments in regional administrations. Apparently, new Information Minister Karliukevich could somewhat relax the state policy towards the independent media and introduce technological solutions for retaining control over Belarus’ information space. New rectors could strengthen the trend for soft Belarusization in the regions and tighten the disciplinary and ideological control over the student movement in the capital.

President Lukashenka has appointed new ministers of culture and information, the new rector of the Belarusian State University and heads of three universities, assistants in the Minsk and Vitebsk regions.

The new Information Minister Karliukevich is likely to avoid controversial initiatives similar to those former Minister Ananich was famous for, however, certainly within his capacities. Nevertheless, the appointment of Belarusian-speaking writer Karliukevich could be regarded as the state’s cautious attempt to relax environment in the media field and ensure the sovereignty of national media.

The Belarusian leadership has consolidated the trend for mild Belarusization by appointing a young historian and a ‘reasonable nationalist’, Duk as the rector at the Kuleshov State University in Mogilev. Meanwhile, while choosing the head of the Belarusian State University, the president apparently had in mind the strengthening of the ideological loyalty among the teaching staff and students at the main university in order to keep the youth movement at bay. Previously, Korol was the rector of the Kupala State University in Grodno, where he held purges among the disloyal teaching staff.

The trend for the renewal of mid-ranking executives and their rejuvenation has confirmed. The age of the Culture Minister and three new rectors varies from 39 to 44 years old.

Recent trends