New player on potash market

July 26, 2016 0:36

On June 17th, 2016, Belarusbank and China Development Bank signed a loan agreement for USD 1.4 billion to finance the construction of Slavkali mine with capacity of 2 million tons based on Nijinsky potash deposit. The project’s total cost is estimated at USD 1.7 billion and Belarusbank has to raise the remaining funds. The project would increase imports of equipment and labour from China, as the general contractor is a Chinese company, as well, it will create additional jobs in construction in the Minsk region. After the plant is completed, up to 1500 new jobs may be created. A new player will emerge on the potash market, which will lead to some changes in shares among the largest market players. Slavkaly will not compete with Belaruskali as both companies are likely to coordinate their activities on the international market.

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Death penalty discussion in Belarus: yet not ready for either abolition or moratorium
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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.