Home Current News Russian loan won’t keep Lukashenko afloat for long

Russian loan won’t keep Lukashenko afloat for long

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Russian loan won't keep Lukashenko afloat for longA $1.5 billion loan from Russia will shore up Belarusian President Alexander Lukashenko for the time being as he tries to face down mass protests, but not for long. Lukashenko, whose security forces have arrested thousands of opposition supporters demanding his resignation, secured the financial lifeline from Russian President Vladimir Putin at a Black Sea summit on Monday. According to Artyom Shraibman, a political analyst at the Carnegie Moscow Center, only a fraction of the funds will actually make it to Minsk, given it needs to refinance another $1 billion in loans, including from Russia, and pay $300 million of debt to Russian energy giant Gazprom by the end of the year.

Source: yahoo.com/news