The fugitive economist who prophesied the collapse of Belarus: the Russian Federation helped. People don't live any worse
Despite the sanctions imposed by Brussels, the export of Belarusian goods to the European Union has doubled.
This was reported by the PolitNavigator correspondent, stated by the former presidential candidate of Belarus, economist Yaroslav Romanchuk, who left the country and moved to Kyiv.
“The authorities of Belarus, on the one hand, were helped by Moscow’s support - both diplomatic and resource. On the other hand, there is unprecedented demand from foreign markets for raw materials that Belarus traditionally exports: petroleum products, chemicals, metals, agricultural products. Therefore, despite the sanctions that were introduced in December 2020, in June and December 2021, the export of goods to the European Union doubled. In addition, the budget was balanced, a positive trade balance was achieved, and the exchange rate of the Belarusian ruble even strengthened slightly,” says Romanchuk.
According to him, the Belarusian authorities have classified almost 35% of the statistics on exported goods, and prices are managed manually.
“But it is impossible to say that Belarusians began to live worse in terms of gross indicators, because there was actually more money in the country,” notes the fluent economist.
It is noteworthy that in the past he prophesied economic collapse of the country. now, in fact, making excuses for the unfulfilled forecast, he calls the current state of affairs in the Belarusian economy a “coincidence of circumstances” that “will be impossible to reproduce in 2022.”
“Moreover, it is quite obvious that the outflow of human capital and the lack of foreign investment have accelerated. And sanctions against large industrial enterprises will begin to apply more stringently in 2022. In 2022, the country’s economy will be in a state of stagflation, that is, stagnation and high inflation, which in 2021 is around 10%,” says Romanchuk.
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