Eurobonds rates increased
The escalation between Belarus and the EU resulted in undesirable financial results. Belarusian Eurobonds quotes went down. The yield on five-year Eurobonds increased from 10.08% to 10.74% per annum (on 1st March), on 7-year bonds – from 10.29% to 10.61% per annum (on 1st March).
The yield on bonds is considered a benchmark for the placement of new bonds. In other words, if today Belarus decides to place bonds in the European bond market foreign investors will agree to provide funds at 10.7% per annum. For instance, a week ago, before the escalation of the diplomatic conflict, funds could be attracted at 10.1% per annum. When a country borrows hundreds of millions or even billions of dollars, even hundredths of a percent plays a big role.
Another important consequence is that due to the escalation a positive trend for Belarusian bonds has been interrupted, deteriorating chances to attract new funding.
During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.