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In the first ten months of 2022, the GDP of Belarus decreased 4.7%, but the overall contraction of the economy is slowing down and it is gradually adjusting to the new sanctions. The annual inflation in Belarus has exceeded 15%, and the country has officially imposed price caps.

The Lukashenko regime continues to persecute those involved in the protests during the 2020 presidential elections, as well as those who speak out against Russia’s war in Ukraine.

It is estimated that the Belarusian economy could lose between €16-18 billion annually as a result of the sanctions. The country’s GDP is expected to fall by USD 1.2 billion in 2014 and by 4.1% in 2022.