30.4 C
New York
Wednesday, July 28, 2021

Exclusive: EU lending arm EIB to halt Belarus lending – source

Must read

U.S. Justice Dept won’t defend Republican lawmaker in Capitol riot lawsuit

Politics17 minutes ago (Jul 27, 2021 09:26PM ET) (C) Reuters. FILE PHOTO: U.S. Rep. Mo Brooks (R-AL) makes an announcement in Huntsville, Alabama, U.S. March...

Gold price today at Rs 46,660 per 10 gm, silver trending at Rs 67,100 a kg

The price of 24-carat gold also declined by Rs 210 to stand at Rs 47,660 per 10 gm ...

Lucro da CSN dispara 1.338,6% no 2º trimestre, para R$ 4,96 bilhões

A CSN registrou lucro atribuído aos controladores de R$ 4,96 bilhões no segundo trimestre deste ano, o que representa alta de 1.338,6%...

MPF: Funai não deve autorizar obras em terra indígena sem consulta ao povo Parakanã

O Ministério Público Federal (MPF) afirmou que a Fundação Nacional do Índio (Funai) e a prefeitura de São Félix do Xingu não...
imageStock Markets17 minutes ago (Sep 18, 2020 12:25PM ET)

(C) Reuters. The logo of the EIB is pictured in the city of Luxembourg

By Marc Jones

LONDON (Reuters) – The European Union’s lending arm, the European Investment Bank, is to stop funding new projects in Belarus as part of the bloc’s response to the disputed re-election of President Alexander Lukashenko, a source close to the bank said on Friday.

“There was a board meeting yesterday where it was made clear,” the source told Reuters on the condition of anonymity, adding that no projects had been in the pipeline.

The EIB has spent a total of 550 million euros ($652.14 million) in Belarus, having signed its first project in the country back in mid-2017.

The step comes amid ongoing international pressure on Lukashenko, who is turning to Russia for support to try and ride out the crisis.

The United Nation’s Human Rights Council on Friday approved an EU-led resolution for closer monitoring of alleged rights violations following the disputed August presidential vote.

U.N. rights investigator Anais Marin told the session that member states needed to act to prevent a major geopolitical rift. “Let’s not allow another iron curtain to descend on the European continent,” she said.

Marin said more than 10,000 people have been “abusively arrested”, with more than 500 reports of torture and thousands “savagely beaten”, since President Alexander Lukashenko claimed victory in a presidential election on Aug. 9.

The European Bank for Reconstruction and Development (EBRD) which is majority-owned by EU countries and institutions, but also has Russia, the United States and other top governments as shareholders, said it was “deeply concerned” about the situation, though wouldn’t comment further on its lending.

The EBRD invested 160 million euros in Belarus in the first half of 2020, more than double the 67 million euros it spent in the first half on 2019.

A former Soviet collective farm manager, the authoritarian Lukashenko has ruled Belarus since 1994 but has battled a wave of anger over his handling of the COVID-19 pandemic, the economy and his human rights record.

State-approved exit polls showed him winning 79.7% of the presidential vote in August while his main opponent, Svetlana Tikhanouskaya, a former English teacher who emerged from obscurity to lead rallies against him, received 6.8%.

Exclusive: EU lending arm EIB to halt Belarus lending – source

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

U.S. Justice Dept won’t defend Republican lawmaker in Capitol riot lawsuit

Politics17 minutes ago (Jul 27, 2021 09:26PM ET) (C) Reuters. FILE PHOTO: U.S. Rep. Mo Brooks (R-AL) makes an announcement in Huntsville, Alabama, U.S. March...

Gold price today at Rs 46,660 per 10 gm, silver trending at Rs 67,100 a kg

The price of 24-carat gold also declined by Rs 210 to stand at Rs 47,660 per 10 gm ...

Lucro da CSN dispara 1.338,6% no 2º trimestre, para R$ 4,96 bilhões

A CSN registrou lucro atribuído aos controladores de R$ 4,96 bilhões no segundo trimestre deste ano, o que representa alta de 1.338,6%...

MPF: Funai não deve autorizar obras em terra indígena sem consulta ao povo Parakanã

O Ministério Público Federal (MPF) afirmou que a Fundação Nacional do Índio (Funai) e a prefeitura de São Félix do Xingu não...

Regulamentação sobre lavagem de dinheiro é regulamentada pelo BC

Economia43 minutos atrás (27.07.2021 22:00) Agência Brasil - A legislação de prevenção à lavagem de dinheiro foi atualizada hoje (27) com uma resolução publicada pelo...