The European Union will limit Belarus in the ability to receive funding from its investors and take money to debt with the placement of bonds, follows from the report on the European Council on the introduction of new sanctions against Minsk.
New restrictions involve a complete refusal to access the capital markets, and, therefore, prohibit securities in the European Union. In addition, Minsk will lose funds that the European Investment Bank has allocated for projects in the state system.
In the framework of the new sanctions, the European Union is also going to prohibit the transfer of technologies and equipment for wiretapping and intercepting Internet and telephone communications and the transfer of goods and technologies of military and dual-use. The restrictions of Brussels affected the industry, including by introducing restrictions on the trade in tobacco products, petroleum products and potash fertilizers, and in the latter case, restrictions may result in problems at the global level.
The relevant risks were warned in the Belarusian Potash Company (BKK), indicating that the country provides more than 20 percent of the global exports of this type of fertilizer. Because of the shortage, the products may greatly rise in price, which will affect the state of agriculture and will eventually lead to the rise in price of food, stated in BKK.
In total, the sanctions adopted by the European Union concern 166 physical and 15 legal entities, among whom the Russian businessman Mikhail Gutseriev was also. The prospect of introducing new limitations of the media was reported on June 21, noting that they can destroy the economy of the republic.
In this case, the new constraints do not assume a ban on the provision of bank loans of Belarus. On June 18, Reuters reported that Austria objected against such measures, which had its own interests in the financial sector of the country. Later it became known that Vienna agreed to give way to EU partners, but the European Union lending restrictions have not yet declared.