The sanctions hit the image of Belorusneft

How to react in Minsk on U.S. sanctions against the Belarusian State Concern "Belorusneft" — for his activities in Iran?

The company's administration has decided not to comment on the U.S. sanctions. Head of the Foreign Economic Activity "Belorusneft" Sergei Makarov said:

"This question this morning has already been discussed with management, with all the services concerned, and including the CEO of our company. Comments on "Belorusneft" will not. "

Mr. Makarov confirmed widespread in the media quoted the deputy general director Leonid Voytehin Group, who said that "Belorusneft" anticipates problems in the implementation of foreign investment projects and programs. Sanctions may cause problems with the import of technological equipment from Canada and the United States. They can also affect the number of foreign projects — in Venezuela, Russia and Iran.

"All these things are said is correct. As said Leonid Petrovich, we have to look for other suppliers. Difficult to assure the one hand support, will look for another."

Head of Information Department of the Belarusian Foreign Ministry Andrei Savinykh said:

Andrei Savinykh

"The Belarusian side believes it is the U.S. State Department's decision unlawful. Unilateral sanctions actions are counterproductive and damaging to the development of bilateral relations."

The Economic Observer newspaper "Belarusians and Market" Tatiana Manyanok believes that the U.S. sanctions — not a good sign especially for the image of the company "Belorusneft" which works in different markets. However, this is unlikely to have any significant economic impact.

Tatiana Manyanok

"Thanks to the agreements on the creation of a single economic space of Belarus received the opportunity to export its oil to European markets. Another matter what the consequences will now be for business in Iran. They realized step by step project for the extraction of oil., And the anticipated oil supplies to Belarus. What happens now for business hard to say. And the aspect that "Belorusneft" works in Venezuela. established a joint venture, to be in This year, produce about one million tons of oil. And the oil just implemented in the U.S. market. "

According to the head of the analytical center "Strategy" Leonid Zaika, similar sanctions in certain versions used before:

Leonid Zaika

"Their action can be divided into two stages. This short-term effect, which can significantly impact on suppliers, exports of Belarusian oil products and so on. This is very unpleasant, this reduction in the rate calculation, because all the operations we conduct on the dollar. And especially when it comes of Iranian companies here have a problem. If you look at the long term, these problems cost. U.S. experts will know that there is no strong damage, but they have a demo, a demonstration effect. "

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