National Bank has reduced abilities to regulate size of international reserves

April 22, 2016 19:08

According to the National Bank, in February 2015, assets not included in the international reserves fell by USD 238.6 million to USD 477 million. Using these funds, the National Bank may adjust the international reserves volume, but this amount is only enough for one month. In the future, the financial authorities are planning a new Eurobond issue, despite unfavourable situation on the external financial markets. The authorities are likely to introduce new restrictions on consumer imports, while interest rates on foreign currency deposits might grow slightly. In addition, the decisions already taken to reduce the volume of currency settlements in the country may be revoked. Devaluation has reduced pressure on the domestic currency market by individuals and legal entities; however, Belarus may only make due foreign debt payments if she receives new foreign loans.

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Death penalty discussion in Belarus: yet not ready for either abolition or moratorium
September 18, 2017 10:43
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The Belarusian authorities have launched a discussion on the moratorium or abolition of the death penalty under the pressure of Belarusian human rights activists and international community. Apparently, the authorities are interested in monitoring public sentiments and response to the possible abolition of the capital punishment. The introduction of a moratorium on the death penalty would depend on the dynamics in Belarusian-European relations, efforts of the civil society organisations and Western capitals.

In Grodno last week, the possibility of abolishing the death penalty in Belarus or introducing a moratorium was discussed.

The Belarusian authorities are likely to continue to support the death penalty in Belarus. During his rule, President Lukashenka pardoned only one person, and courts sentenced to death more than 400 people since the early 1990s. Over the past year, Belarusian courts sentenced to death several persons and one person was executed.

There are no recent independent polls about people’s attitude about the death penalty in Belarus. Apparently, this issue is not a priority for the population. In many ways, public opinion about the abolition of the death penalty would depend on the tone of the state-owned media reports.

That said, the Belarusian Orthodox Church and the Roman-Catholic Church stand for the abolition of the capital punishment, however their efforts in this regard only limit to public statements about their stance. Simultaneously, the authorities could have influenced public opinion about the death penalty through a focused media campaign in the state media. As they did, for example, with the nuclear power plant construction in Astravets. Initially unpopular project of the NPP construction was broadly promoted in the state media, and eventually, according to independent pollsters, was accepted by most population.