Belarus Has Imposed State Control On The Economy

Belarusian President Alexander Lukashenko

State Control Of Prices In Belarus Will Remain Forever - Lukashenko -- Interfax

MINSK. Dec 26 (Interfax) - Belarusian President Alexander Lukashenko has said that state control over prices will remain in place in the republic and urged businesses not to count on a liberalization of the price policy after the scraping of a package of emergency measures from the government and the National Bank.

"I was told, and saw it for myself, that some of our scoundrel-officials have been telling entrepreneurs, businessmen and all sorts of thieves that they should wait until around (January) 9th or 15th, everything will be liberalized here, and they would be able to get what they have not until now. People are simply begging to be you know where. I want to say that the trend, as is fashionable to say nowadays, towards control over domestic prices will remain forever," Lukashenko said at a meeting which focused on the country's economic development on Friday.

It is outrageous that certain politicians have been telling businesses the control over price-formation in the country will soon be lifted and businessmen will be able to make up for lost profits, the president said.

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My Comment: Belarus is entering a very bad place right now. The currency has collapsed, and with state control now being imposed on basically everything .... what is left of the economy will now close down.

Update: Lukashenko names new PM, central bank head -- AP