Arab Today, arab today belarus strongman sacks pm amid economic woes
Last Updated : GMT 22:20:05
Arab Today, arab today
Arab Today, arab today

Belarus strongman sacks PM amid economic woes

Arab Today, arab today

Arab Today, arab today Belarus strongman sacks PM amid economic woes

Belarus Prime Minister Mikhail Myasnikovich
Minsk - AFP

Belarussian strongman Alexander Lukashenko on Saturday sacked his prime minister and several other top officials as the ex-Soviet state reels from the effects of Russia's economic crisis next door.
Lukashenko, who has ruled the country of 10 million with an iron fist for the past 20 years, linked the reshuffle to a presidential vote scheduled for next year and indicated he would seek re-election.
"Presidential elections will be a test for us all," he was quoted as saying on his website.
"If all goes well, I am ready to work with this cabinet and these officials after elections, too."
His administration, quoting the president, said the reshuffle was "nothing out of the ordinary."
The president dismissed Mikhail Myasnikovich, in office since December 2010, and appointed his chief of staff Andrei Kobyakov as his new head of government.
He also replaced the head of the central bank and several other top officials including the economy and industry ministers.
The tightly-controlled country's economic ills present a key challenge to Lukashenko's grip on power.
The president said he would hold the country's new economic team, including the new premier and the central bank chief, personally responsible for the country's well-being.
He said the economy represented "the greatest danger" and therefore called "for the greatest responsibility."
Although the Belarussian ruble is not officially pegged to the Russian currency, the country is highly dependent on its former master Moscow and is very sensitive to its economic woes.
The collapse of the Russian ruble this month sparked panic, with Belarussians rushing to convert their savings into dollars.
Since the start of the year the Belarussian ruble has lost about half of its value.
The run on the Belarussian ruble forced the central bank to announce a "temporary" tax of 30 percent on all purchases of foreign currency and raise interest rates to 50 percent.
Lukashenko has admitted that his country's economy has been hit hard as around 40 percent of its exports are bound for Russia.
Earlier this month, the Belarussian strongman tasked the government with conducting transactions with Russia in dollars or euros only.
"Fluctuations on the Russian currency market are unfathomable," he said at the time.
Under pressure from falling oil prices and Western sanctions over Ukraine, Russia is sliding into a full-blown economic crisis complete with the collapse of the ruble and growing inflation.
- 'Country needs reforms' -
Independent political analyst Alexei Korol said the Belarussian government re-shuffle was a band-aid solution that would not help address the root causes of its economic troubles.
"The country needs deep economic reforms. Instead he is re-shuffling an old pack of cards," he told AFP, referring to Lukashenko.
"He won't embark on reforms because at the end of the day they would lead to the collapse of his authoritarian regime," he added. "It's important for Lukashenko to pass the buck onto his team."
The former head of the Belarussian central bank, Stanislav Bogdankevich, also said that the move signalled Lukashenko's apparent unwillingness to conduct sweeping reforms.
"You have to openly say that the economy is in crisis and you have to come up with new economic policies," said the opposition-minded figure.
He dismissed Kobyakov as an "obedient" official who will be unable to challenge the president.
The IMF lent Minsk $3.5 billion (2.8 billion euros) in 2009 but has denied it further support since 2011 as Belarus refused to implement the liberal reforms and budgetary cuts it was demanding.
Lukashenko, once described by Washington as Europe's last dictator, has ruled Belarus that lies between three EU states and Russia since 1994.
In 2010, tens of thousands of people protested against what they saw as unfair presidential elections that gave Lukashenko a landslide victory.
Following the protests the strongman unleashed a crackdown on the opposition, imprisoning some of his most prominent critics and muzzling non-state media.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today belarus strongman sacks pm amid economic woes Arab Today, arab today belarus strongman sacks pm amid economic woes

 



Arab Today, arab today
Arab Today, arab today Accessories designer reveals her new collection

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott

GMT 11:50 2017 Thursday ,23 March

Bulgaria's economy: a tale of extremes

GMT 15:54 2017 Wednesday ,22 March

Amazon deal for Souq.com is back on

GMT 13:03 2017 Wednesday ,22 March

Germany should ditch austerity, embrace EU investment

GMT 10:43 2017 Wednesday ,22 March

Bags carry Hermes to record profit
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today Number of unwedded girls amounts to 2.5m

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday