(Bloomberg) --- Belarus ’s future is at risk as its
neighbours reel from economic and currency crises,
according to President
Aleksandr Lukashenko.
“We should be
fearing for the normal life of our people, the existence of our country,”
Lukashenko said in Minsk
after appointing new government officials, according to his press service.
While the economic situation isn’t yet critical, the government has its work
cut out for it to avoid further deterioration, said Lukashenko, who has ruled
the nation of 9.5 million people for two decades.
Collapsing demand
in Russia ,
the destination for half of Belarusian exports, has “seriously” affected the
Belarusian economy, forcing the country to seek new markets for its products,
Lukashenko said. Contagion from the Russian ruble’s worst crisis since 1998 has
spilled into the rest of the former Soviet Union ,
putting pressure on currencies and choking trade.
As economic strains
are growing more acute, the conflict in neighboring Ukraine
is also making Belarus
more uneasy. Belarus , which
borders both Ukraine and Russia ,
overhauled its legislation on martial law this year, allowing authorities to
deem the appearance of unmarked irregular troops as “military invasion.”
Soldiers without
insignia were involved in events in Crimea last year that culminated in a
disputed March referendum and the Black Sea peninsula’s takeover by Russia .
Military drills on
Tuesday near Osipovichy in central Belarus involved a helicopter
detecting a hypothetical subversive group and destroying it with unguided
rockets, the Defense Ministry said on its website.
The European Union
and the U.S. are threatening
to tighten sanctions against Russia
over its role in Ukraine .
The government in Moscow
denies involvement.
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