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EconomySanctions block Belarus' exports by $ 16-18 billion

Sanctions block Belarus’ exports by $ 16-18 billion

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President Lukashenko believes his country has been unfairly labeled an “accomplice to the aggressor”.

Sanctions imposed on Belarus have blocked $ 16-18 billion worth of annual exports to Western countries, Belarusian Prime Minister Roman Golovchenko was quoted as saying by the Belarusian Telegraph Agency (BelTA) late last night.

“Sanctions have blocked almost all of Belarus’ exports to the European Union and North America,” Golovchenko said, according to a transcript of an interview with Dubai-based Al Arabiya television, published by the Belarusian state news agency BelTA.

President Alexander Lukashenko has urged Belarus to take part in talks to resolve the conflict in Ukraine, while also saying that Belarus has been unfairly labeled an “accomplice to the aggressor”.

Belarus was also severely sanctioned last year after the forced landing of a Ryanair plane flying between Athens and Vilnius, and the subsequent arrest following the landing of a dissident journalist and his girlfriend on board.

However, what will affect the regime the most and Lukashenko. The recipe for this was given by the Kremlin-rejected former oil tycoon and critic of the Moscow government, Mikhail Khodorkovsky. He said European countries must punish Lukashenko by sanctioning oil and potash (potassium carbonate) producers.

“The dictator must be hit where it hurts the most: his wallet,” Khodorkovsky advised.

“European countries must join US sanctions against Belneftekhim and sanction Belaruskali,” Khodorkovsky said.

Belneftekhim is the state oil company of Belarus. Belaruskali is one of the largest producers of potash in the world. There are no substitutes for potassium as a leading nutrient for plants and as a basic nutritional requirement for animals and humans, experts say.

Belaruskali AD is one of the world’s largest producers and exporters of potassium fertilizers. According to the International Fertilizer Association, the company ranks fifth in world potassium production. “Our products meet the highest requirements and have won the highest international awards. These facts allow the company to compete successfully with other manufacturers and export our product to more than 120 countries,” said the presentation of the corporate Internet. page. In 2018, the company celebrated its 60th anniversary.

In the same year – on August 24, 2018, the construction of a new plant for the production of potassium nitrate (potassium nitrate) began. The new products will be manufactured using Canadian technology from Migao Corporation (a registered and listed corporation in Canada but headquartered in China) through the conversion of ammonium nitrate and potassium chloride, and will be sold in the EU, Russia , Turkey and supplied to the domestic market.

The Belarusian state concern for oil and chemistry Belnoftekhim is one of the largest industrial complexes in Belarus. Its companies carry out a full cycle of activities related to the exploration and production of crude oil, its transportation, refining and sales of petroleum products.

The company points out that Belarusian refineries are characterized by a high technological level of refining efficiency and quality of petroleum products that meet international standards.

From there the petrochemical industry of Belarus produces:

– mineral fertilizers (nitrogen and NPK – Nitrogen (N), Phosphorus (P), and Potassium (K);

– over 300 types and sizes of tires, and as a quantity of more than 5 million per year for cars, trucks and trucks, buses, trolleybuses, road construction vehicles, tractors and agricultural machinery;

– polyester fibers and yarns;

– low density polyethylene, as well as a wide range of acrylic fibers;

– glass fibers and products thereof;

– nylon fibers, cord fabrics, as well as raw nylon-6 and composite materials based on it;

– biodiesel fuel;

– paints, varnishes and other products.

It is emphasized that all Belneftekhim organizations work in accordance with the system of international quality standards of the ISO 9000 series. In terms of quality and environmental friendliness of motor fuels, the Republic of Belarus is a leader among the CIS countries.

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