Government to Set Export Promotion Measures in Coordination with National Bank

The Belarusian Council of Ministers will determine specific measures to stimulate exports in coordination with the National Bank. This follows from Decree No. 88 of March 16 “On Promoting Export Development,” which was published today on the National Legal Internet Portal and entered into force upon signing.

The decree introduces amendments to Decree No. 94 of February 14, 2022, “On Additional Measures to Ensure the Stable Functioning of the Economy.” These amendments provide that the Council of Ministers will adopt decisions “on establishing specific export promotion measures within the framework of Presidential Decree No. 534 of August 25, 2006, in coordination with the National Bank.” Previously, this authority allowed the government to modify financing conditions set by Decree No. 534.

This is the only publicly available subparagraph of the decree published today. Two additional subparagraphs are classified as “for official use only.”