Belarus says it is unable to pay off debt due to sanctions

Belarusian President Lukashenko chairs a meeting in Minsk
Belarusian President Alexander Lukashenko chairs a meeting on security in Minsk, Belarus, October 10, 2022. Maxim Guchek/BelTA/Handout via REUTERS

Oct 19 (Reuters) – Belarus said on Wednesday it was unable to repay its foreign currency-denominated debt due to sanctions imposed on it by the European Union and the United States.

The World Bank said on Monday it had placed all loans made by its main lending arm to Belarus into „nonperforming” status effective immediately, citing overdue payments amounting to $68.43 million.

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