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01 December 2020, 15:20

Analyst: New sanctions against Belarus will make relations with the West even worse

MINSK, 1 December (BelTA) – A new package of sanctions against Belarus will result in an escalation of the crisis of relations with the West, BelTA learned from Aleksei Avdonin, an analyst with the Belarusian Institute of Strategic Research (BISR).

The analyst said: “The introduction of a new package of sanctions will not contribute to the advancement of multilateral relations of the European Union, the USA with Belarus but contrariwise it will lead to an escalation of the crisis. They have to understand that the Belarusian nation has made its choice. Attempts to enforce a will upon the Belarusian people via these sanctions will lead only to a greater rejection of Western countries by Belarus and its people.”

In his words, after a certain period of time Western countries will be forced to establish a dialogue with Belarus. “Why would they have to do it? Because they have a strong financial and economic lobby. Those are large companies, corporations, which are naturally interested in working on the Belarusian market, on the market of the Eurasian Economic Union. Sanctions deliver a blow to interests of large European and American companies and banks. This is why when parties or centers of power are swayed by risky undertakings and interests of some political groups, they as a rule work to the detriment of their national capital and their population that work in these companies. Shipments of merchandise will drop, salaries will drop, thus they will get a boomerang effect from the introduction of such sanctions,” the analyst noted.

Aleksei Avdonin is convinced that the ability of Belarusian enterprises and the Belarusian economy to promptly remodel business processes and enable conditions for the development of domestic production of the products, which were previously imported from the West, will be the key reciprocal sanction of Belarus. “I am talking about process equipment, the possibility of work of various financial and banking structures. It means more active and tighter cooperation primarily with the world's economy leader – China – which has been and will be the fastest growing economy for the next 10-15 years. Simultaneously we have to actively advance cooperation with Middle East countries and borrow cutting-edge technologies from them. We have to create science-intensive highly profitable products and services in Belarus in order to rule out our dependence on the countries that try to use sanctions in order to influence the Belarusian state,” he concluded.

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