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Brief respite for Lukashenka: Russian loans alleviate Minsk's immediate financial woes, but deepen dependency
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract Late on 3 April 2017 in Saint Petersburg, Vladimir Putin and Alyaksandr Lukashenka announced the end of the Belarusian-Russian energy dispute. New loans from Moscow appear to be the central outcome for Minsk. This provides relief for Lukashenka, whose regime currently finds itself squeezed between e... view more
Late on 3 April 2017 in Saint Petersburg, Vladimir Putin and Alyaksandr Lukashenka announced the end of the Belarusian-Russian energy dispute. New loans from Moscow appear to be the central outcome for Minsk. This provides relief for Lukashenka, whose regime currently finds itself squeezed between economic difficulties and social protests. But the agreement leaves Minsk’s underlying economic problems unresolved, while the additional debt ties it even tighter to Moscow. In exchange for its support, the Kremlin could at some point demand Minsk make concessions that contradict the EU’s interests. To date, however, Lukashenka has sought to retain a degree of autonomy from Moscow, with Minsk’s dialogue with the EU providing an important counter-weight. (Autorenreferat)... view less
Keywords
EU; political independence; credit; economic dependence; foreign policy; economic situation; Russia; bonds; Belorussia; financial assistance; credit policy; economic relations
Classification
International Relations, International Politics, Foreign Affairs, Development Policy
Economic Policy
Document language
English
Publication Year
2017
City
Berlin
Page/Pages
4 p.
Series
SWP Comment, 15/2017
ISSN
1861-1761
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications