Friday, January 16, 2015
Concern is growing in Belarus about the contagion effects from the economic crisis in Russia to which its economy is closely linked. In the run-up to presidential elections (due no later than November 2015), President Alexander Lukashenka needs to perform two economic sleights of hand. First, he needs to revive a sluggish economy but without structural reforms that would almost certainly be resisted by the powerful bureaucracy. Just as importantly, he must maintain good relations with Moscow, despite recent friction over bilateral trade.