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Belarusian President Alexander Lukashenko, a identified ally of Russian leader Vladimir Putin, on Thursday, imposed a ban on client value rises to tame the “exorbitant” inflation throughout the financial system.
What Occurred: At a authorities assembly to debate financial issues in Minsk, Lukashenko mentioned his authorities would ban value will increase from Thursday, reported the state-run Belta information company.
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“From 6 October, any enhance in costs is prohibited. Forbidden! From at the moment. Not from tomorrow, however from at the moment. In order that they don’t inflate costs over the day … God forbid somebody decides to lift costs or do some indexation retroactively,” Lukashenko mentioned in a gathering of presidency ministers.
Exceptions: Nonetheless, Lukashenko reportedly introduced exceptions for sure commodity positions and named the individuals who could be approved to make such selections.
“Such selections may be made by the Minister of Antimonopoly Regulation and Commerce, governors, and the Minsk mayor. With out their permission, no value might rise over at the moment’s degree,” he mentioned.
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Earlier in July, the president of Belarus confronted a prospect of a revolt towards him by his navy for siding with Putin within the Ukraine struggle. After the Belarusian chief mentioned he would “stay along with fraternal Russia,” his navy officer class warned him towards sending Belarusian troopers to struggle in Ukraine.
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