31. Economic Challenges for Belarus
- Author:
- Anna Maria Dyner
- Publication Date:
- 03-2020
- Content Type:
- Special Report
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- Overdependence on cheap Russian energy resources, the COVID-19 pandemic, and a lack of reform are the biggest challenges that could lead to the collapse of the Belarusian economy. Russia may use economic problems to make Belarus more dependent on it. Poland, other EU countries and the U.S. can support the Belarusian authorities in diversifying sources of crude oil supplies, negotiations on joining the World Trade Organisation, and possible efforts to obtain a loan from the International Monetary Fund.
- Topic:
- Debt, Economy, Crisis Management, Trade, and COVID-19
- Political Geography:
- Russia, Eurasia, Poland, Belarus, and United States of America