Updated at 22:10,27-11-2020

In pursuit of investors: Belarus Prime Minister to head for New York


The first Belarus-USA investment forum will take place in New York on September, 22. The Belarusian delegation is expected to be led by Belarusian Prime Minister Mikhail Miasnikovich.

Invitations have been sent to more than 500 potential participants. They will be able to receive ‘exhaustive and reliable information about Belarus' investment potential’, including new opportunities associated with the establishment of the common market of the Single Economic Space, the National Agency of Investment and Privatization reports.

The representatives of the Development Bank of the Republic of Belarus, the Finance Ministry, the Economy Ministry, the Belarusian Chamber of Commerce and Industry, the National Bank of Belarus, the Hi-Tech Park and the company that promotes the Chinese-Belarusian Industrial Park will be taking part in the forum.

As it was reported before, an investment forum will also be held in London on November, 14.

Sanctions as an obstacle to investments

But a lot of Belarusian enterprises are barred from cooperation with U.S. firms. Another set of sanctions was imposed in 2011, which was triggered by brutal crackdown on the peaceful protests after the 2010 presidential elections.

The sanctions touched frtilizer producer Hrodna Azot, car tires producer Belshyna, Naftan refinery, synthetic fiber factory Hrodna Chimvalakno. American citizens are forbidden to conduct any financial and trade transactions with the listed companies, and all their assets in American banks were frozen.

All four companies are part of Belnaftachim corporation which was subjected to sanctions in November 2007. The sanctions are meant to target persons and enterprises accused of violating human rights, political repressions and corruption.