With reference to Nasha Niva, the Belarusian service of Radio Liberty reports that Deutsche Bank, the main correspondent bank of Belarusian state-owned financial institutions, has closed its correspondent accounts in euros. Evidence of this could be seen by looking at the list of respective accounts of Belagroprombank. Judging by this list, currency transactions are now only available through the Russian TKB Bank; whereas previously, multiple European banks could handle such transactions. Put simply, this change means that European banks are likely to close all transfers in euros for Belarus. In some cases, they may still be possible, but the cost of those transactions will increase. Twenty-four banks currently operate in Belarus, four of which are state-owned. In 2018, 50 percent of all domestic financial assets belonged to the four largest state-owned banks: Belarusbank, Belagroprombank, Dobrabyt Bank, and Belinvestbank.
