There are 1,499 sectoral and personal sanctions against Belarus. Such statistics are provided in an article by Natallia Gancharyk, a representative of the Ministry of Economy, in the December issue of the magazine “Finance. Accounting. Audit””.
Moreover, 711 of these sanctions were imposed after the start of large-scale Russian aggression against Ukraine. Belarus ranks fifth in the world in terms of the number of sanctions imposed. It is ahead of Russia, Iran, Syria and North Korea.
“The direct impact of the restrictions affected about 25% of the Belarusian economy and indirectly affected the rest of it,” Natallia Gancharyk notes. The main impact fell on industrial sectors and shaft-forming enterprises. Related sectors, especially wholesale trade and freight transportation, have indirectly felt the effects of sanctions.
Gancharyk states that the sanctions affected about 70% of exports to the European Union, or almost 17% of shipments of goods abroad. As a result, we had to look for new sales markets and delivery routes for potash fertilizers, petroleum products, and woodworking products.
