NYT: aid to Belarus from the West is unlikely

Society
Today's edition of The New York Times writes about yesterday's collapse of the Belarusian ruble and expressed doubt that the West can help to Minsk with the current economic problems.

We offer you the translation fragments Article Andrew Kramer.

"Utrymovvanne official rate of exchange was one of the many rules of the Soviet era, which retains authoritarian President Alexander Lukashenko. It is at the time prevented in Belarus some of the ups and downs that have been observed in other weak economies in the former Soviet Union, but due to the rapid decrease in the foreign currency reserves of Belarus.

Control of the central bank means that companies that import consumer goods, had to wait for days or even weeks to carry out the transaction, so imported goods began to disappear from the shelves, and consumers began to buy basic products such as sugar and oil. This caused inflation and deficits are typical for other troubled post-Soviet economies. Mr. Lukashenko was going to blame the problem on an unnamed foreign governments trying simultaneously to soften the expected economic slowdown next reforms to liberalize currency trading.

The situation is a political challenge for Mr. Lukashenko, who for many years to position itself as a leader capable of if not sustain economic growth, then ensure economic stability, while maintaining the collective farm system and a wide sector of public ownership in the industry.

Economists say the decline in the value of the ruble could reduce inflation, but increase the tension in the society, which is already a high note in the disputed election Last year, and attack this spring.

In the long term this fall should strengthen exporters, including dairy producers yes tractors and trucks for the mining industry.

Russia, of course, not a single country in Europe, which is suffering from the global recession. For example, in Greece, Ireland and Portugal are huge problems with the extension of government bonds.

However, the economic problems of the Belarusian special that Mr. Lukashenko its authoritarian policies so removed the country from the rest of Europe, that the coordinated assistance of Western countries for Belarus seems unlikely. Therefore, these problems deepen a sense of panic among the population. "

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