A world in economic crisis

Belarus gets a bailout?

Posted in Uncategorized by Aussie on May 20, 2011

The BBC is reporting that Russia has agreed to a bailout loan to Belarus that is worth 2.1billion euros. There are to be stringent conditions attached.

There is a very big catch to this loan deal. It requires the sale of assets, and guess what, Russia is eyeing off those assets: oil refineries, potash production and gas pipeline system. One should not doubt that Putin and co know how to put on the pressure that would lead to these former satellite states having to sell their assets back to Russia.


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