U.S., allies ratchet up the economic pressure against Belarus

U.S., allies ratchet up the economic pressure against Belarus

Cıv, Clj

12/3/2021 3:25:00 AM

U.S., allies ratchet up the economic pressure against Belarus

The United States and its allies, including the Europ ean Union, on Thursday imposed sanctions against dozens of individuals and entities in Belarus in a coordinated move to escalate punitive action against President Alexander Lukashenko and his government.

Western nations accuse Russia of supporting him.Register now for FREE unlimited access to reuters.comRegisterThursday's action was coordinated between the United States, Canada, Britain and the EU. In a joint statement, the group called on Lukashenko's government to immediately and completely halt its orchestrating of irregular migration across its borders with the EU.

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"Those, in Belarus or in third countries, who facilitate illegal crossing of the EU’s external borders should know this comes at a substantial cost," the statement said.The U.S.sanctions designated 20 individuals and 12 entities, taking aim at the country's defense, security and potash sectors as well as government officials and Lukashenko's son.

Washington also restricted Americans from dealing in new Belarusian sovereign debt with a maturity greater than 90 days issued on or after Thursday by the country's finance ministry or Development Bank.

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