wiiw Forecast Reports
BELARUS: Forced into a Russian orbit
publication_icon
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 41-44
Lukashenko’s support for Russia’s invasion of Ukraine triggered fresh economic sanctions by major Western countries. Subsequently there has been a rapid deterioration in the economic situation and havoc on the financial markets. Being cut off from the West, Belarus sought aid from, and further economic integration with, Russia. However, the latter has limited resources to support its ally. Recession seems inevitable in 2022, and economic weakness will prevail in the following years as well.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Belarus