Belarus
Belarusian economy will depend on Russian support
Despite crippling economic sanctions, Belarusian economic fundamentals are exhibiting signs of improvement
BelarusBelarus will stick with Russia but seek new partners
Belarus’ foreign policy is very restricted and has not succeeded in reducing the country’s isolation
BelarusUkraine war alters mineral market dynamics
Patchy sanctions and deep new buyer discounts are changing minerals markets that Russia, Ukraine and Belarus dominated
InternationalEurasian re-exports offer Russia only mild relief
Russia is obtaining grey and sanctioned goods via three Eurasian Economic Union members not subject to sanctions
RussiaCanada's fertiliser sector sees new opportunities
Canada's fertiliser sector is seeing new opportunities as supplies of potash from Russia and Belarus remain disrupted
CanadaBelarus leader looks to survive and avoid war
Belarus has assisted Russia's invasion of Ukraine but avoided actual combat; it is under pressure to join the war
BelarusEurasian union not in a strong position to help Russia
Although Moscow wants to energise the Eurasian Economic Union, the bloc is disjointed and trades more with other states
CISEU sanctions on Belarus exports raise default risk
Oil refining and fertiliser firms have again been hit by EU sanctions progressively degrading Belarus's export capacity
Belarus
