Belarus allows debt repayment in national currency

The President of Belarus, Alexander Lukashenko, authorized the Ministry of Finance, as well as banks and legal entities; Payment of debts contracted with “unfriendly” countries in national currency.

The decree was signed on March 14 and aims to ensure the stable functioning of the economy.

According to the Ministry of Finance, “the document will allow to increase the internal stability of the economy and ensure macroeconomic and budgetary stability in conditions of unprecedented sanctions against Belarus,” Sputnik reported.

This regulation also seeks to anticipate the actions of the West, and its quest to impose restrictive measures on national projects, just as they did with Russia.

“In the event that unfriendly countries impose restrictive measures on investment projects in Belarus, suspend their financing or prevent payments in foreign currencies, the Ministry of Finance, agent banks and other legal entities will be authorized to fulfill their obligations before those countries make payments in the national currency,” it stated. in the note.

A few weeks ago, British Foreign Secretary Liz Truss announced coercive measures against Belarus, claiming that the nation was “actively aiding and abetting Russia’s illegal invasion and would have to feel the economic consequences of supporting ‘Putin’.”

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