At the end of the previous year Belarus faced serious economic challenges which had an impact on the financial market. “This situation was driven by external factors since we have an export-oriented and absolutely open economy. Our main partners are Russia and Ukraine,” the President noted. In his words, the situation in Belarus was affected by the events in Ukraine as well as the economic and especially financial collapse on the markets of the Russian Federation. Besides, there were sanctions against Russia, reciprocal sanctions on its behalf, the devaluation of the national currencies in the neighboring countries in the economic …read more
Source: BELTA
