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EU's oil products ban will hurt Belarusian economy

Location:

BELARUS

EU sanctions from June 24 ban purchases of Belarusian petroleum products and potash fertilisers, though restrictions on the latter are partial. Together with Minsk's retaliatory…

Oil products sales will boost Belarus growth

Location:

BELARUS

Belarus's emergence from recession this year is a consequence of reliance on the Russian economy and on refined oil prices in Europe, just as the contraction of 2015-16 was. The…

Russian market is main hope for Belarus economy

Location:

BELARUS

Despite a war of words over food sourced from Belarus, Russia maintained its overall level of imports from the country last year. Belarusian exports to most of the world fell…

Belarus faces oil price and COVID-19 shocks

Location:

BELARUS

Reduced global demand due to COVID-19 and the collapse of OPEC+ output caps have driven prices under 40 dollars per barrel. That does not benefit Belarus, as its petroleum product…

Belarus economy in growth mode despite trade hitches

Location:

BELARUS

Last year's GDP growth of 3% was largely attributable to higher prices for refined petroleum products sold to the EU and to a lesser extent a recovery in demand for manufactured…

Russia’s decoupling from West looks to be long-term

Location:

RUSSIA

This is Russia’s drastic response to most developed states’ economic sanctions following the invasion of Ukraine. It means a new geography of foreign trade that will not only…

Russian oil tax shift will affect domestic market

Location:

RUSSIA

Russia's 'tax manoeuvre' in the oil sector.

More disputes are likely despite Belarus-Russia deal

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BELARUS/RUSSIA

A meeting between President Alexander Lukashenka and his Russian counterpart Vladimir Putin in early April appeared to resolve multiple disputes and set their countries back on a…

Industrial structure binds Belarus to Russia

Location:

BELARUS

The industrial sector in Belarus.

Russia presses Belarus for share of oil export trade

Location:

BELARUS/RUSSIA

Belarus is facing pressure from Moscow to direct exports from its refineries through Russian rather than Latvian and Lithuanian ports. Moscow has the upper hand as it provides a…