President Lukashenko keeps away from privatization process (yet)

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April 22, 2016 18:48

Belarus’ Prime Minister Mikhail Myasnikovich and Russian Prime Minister Dmitry Medvedev have had a telephone conversation about the oil supply in H2 2014 and bilateral integration. Russian oil supplies to Belarusian refineries directly depend on the Belarusian assets’ privatisation progress in favour of Russian companies. Medvedev has positively assessed the level of preparations by Belarus for the integration projects, however, the final decision with regard to the state assets’ privatisation remains with President Lukashenko. Lukashenko is not interested in losing control over large parts of the Belarusian economy, which may result in exacerbated Russo-Belarusian relations.

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