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"Far Arc" trade drains Belarus's currency reserves

A Belarusian Railways freight train. Photo: LookByMedia
A Belarusian Railways freight train. Photo: LookByMedia

In January–August, Belarus sold goods to "far arc" countries worth $8.8 billion, while importing nearly $15 billion worth from them. As a result, the country lost more than $6 billion – precisely the negative balance recorded by Belstat. Meanwhile, it is precisely on the "far arc" that the authorities are pinning their hopes, counting on economic growth next year.