Attack on the reputation of President Lukashenko
Russo-Belarusian relations remain turbulent. Both parties are interested in mutual concessions and use different tools to put pressure on each other.
On July 25th Russian Olympic Committee Head Alexander Zhukov outraged in his Tweeter the denial of accreditation for the XXX Olympic Games in London for President Lukashenko. Later this information was confirmed by the British Embassy in Minsk.
The obvious implication of the ‘outrage’ by the Russian Olympic Committee Chairman was to draw attention to the EU visa sanctions against Belarusian leadership. Rapid reaction from the British Foreign Office and silence of the Belarusian government implies that it could be a planned action in order to exert pressure on Minsk.
In turn, the Belarusian authorities were not interested in attracting additional attention to the status of President Lukashenko as persona non-grata. Earlier, the Belarusian President attempted to accredit for the Olympic Games however was denied via informal channels. Therefore, on July 12th, during the opening of the ‘Slavic Bazar’ music festival in Vitebsk Lukashenko regretfully called the Olympic Games a politicized event.
Therefore, it is likely that the Twitter intercession by Mr. Zhukov meant to put additional pressure on the Belarusian authorities, which hold complicated negotiations with Russia on a number of issues, the main and the most controversial of which is the privatization of Belarusian enterprises.
According to Decree No. 221 of June 23rd, 2017, deadlines for the completion of foreign trade operations have been extended from 90 to 180 days for exports and from 60 to 90 days for imports. Delayed payments entailed a fine up to 2% of the transaction cost for each day of the delay, but could not exceed the total cost of the transaction. Most companies, when working with new counterparties, require a deferred payment for a period of three to six months. Due to the new regulation, violations are likely to reduce in number, so as the fines. Trade enterprises are likely to expand the assortment list due to the supply of new products in small lots, and the assortment list of exported Belarusian goods could expand, too. The new terms for completing foreign trade transactions would enable medium and small companies on the foreign trade market, exporters and importers are likely to grow in number and the geography of export-import operations could expand.