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Sanctions to help cut Belarus GDP by 4% in 2022, says PM – Interfax



(Reuters) – The financial system of Belarus is anticipated to shrink by 4% in 2022 after western nations imposed punitive measures, a lot lower than some had forecast, Interfax cited Prime Minister Roman Golovchenko as saying on Saturday.

The European Union, america and others have imposed billions of {dollars} price of sanctions on the ex-Soviet state over its help for Russia’s battle towards Ukraine.

” the forecasts we got – from a complete collapse (of the financial system) to a drop of 20%,” Interfax quoted Golovchenko as telling nationwide tv.

“I feel that those that conceived this operation relied on these calculations,” he mentioned.

Golovchenko additionally mentioned the general inflation charge in 2022 could be 12%, Interfax reported. Yr-on-year inflation on Dec. 1 was 13.3%, down from 15.2% the earlier month.

(Reporting by David Ljunggren; Modifying by Daniel Wallis)

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