According to the information published by US Department of State on May 24, Belarusian arms trading company is on a list of entities that are no longer subject to US sanctions.
Let us recall that on May 23, 2011, the United States imposed its sanctions on the Belarusian Optical Mechanical Association (BelOMO) and BelTechExport under its Iran, North Korea, and Syria Non-proliferation Act. The sanctions were imposed because of "credible information indicating that they had transferred to or acquired from Iran, North Korea, or Syria equipment and technology listed on multilateral export control lists or otherwise having the potential to make a material contribution to weapons of mass destruction or cruise or ballistic missile systems."
The sanctions, which were to be effective for two years, meant that US government agencies were banned from buying any goods, services or technologies from the companies or providing any assistance to them, reports BelaPAN.
BelTechExport representatives visited the United States this past April, holding talks with Department of State officials in charge of non-proliferation activities. In 2011, BelTechExport was banned from doing business in the European Union because it was controlled by Belarusian businessman Uladzimir Peftsieu, who is described by the bloc as Aliaksandr Lukashenka’s "chief economic advisor and key financial sponsor." However, in 2012, the arms trader announced that it was no longer controlled by Peftsieu.
The Belarusian government has invited the European Bank for Reconstruction and Development (EBRD) to prepare five large state-owned companies for privatization.
Officially, the unemployment in our country is reducing – if judging by the number of registrations at the labor exchange; however, the number of jobs doesn’t increase in the economy.
Recently Belarus State Military Industrial Committee announced that in the first half of 2016 its enterprises earned a net profit of $80m, thus over-fulfilling the assigned export plans by a quarter.
Poor economic conditions in the countryside, restrictions, unfair competition, inefficiency of state-owned agricultural enterprises also contribute to this ‘success story’, writes Aliaksandr Filipau.
On 20 June Lukashenka met with vice-chair and president of the Chinese CITIC Group Corporation Wang Jiong; it seems especially important in light of Lukashenka’s planned visit to China in September.
All the conditions for everyone to be able to earn a decent salary have been enabled in Belarus, however, it is necessary to make some effort to get the money, assumes the president.
Belarus is losing currency earnings – in the 6 months of 2016 the country earned 3 billion less than in the same period in 2015. Instead of removing the causes of the flop the state relies on magic.
He said Belarus would likely face economic tightening not only as a result of the coronavirus pandemic but also a Russian trade oil crisis that worsened this past winter.
In his report, philosopher Gintautas Mažeikis discusses several concepts that have been a part of the European social and philosophical thought for quite a time.
It is impossible to change life in cities just in three years (the timeline of the “Agenda 50” campaign implementation). But changing the structure of relationships in local communities is possible.