On May 19, one month will pass since the United States revoked its suspension of sanctions against several Belarusian public companies, mostly from the petrochemical industry. Despite the 45-day wind-down period established, it seems that the resuming restrictions have already had tangible results. Reportedly, both crude oil supplies to Belarus’s Naftan refinery and Belarusian oil product exports may be in jeopardy. Nonetheless, it is still too early to assess what the long-term outcome of the sanctions may be for Belarus and the wider region.
OP-ED
Mateusz Kubiak: Belarusian oil industry suffers from US sanctions
A by-pass cock is seen at the Mozyr oil refinery some 300 km south of Minsk in Mozyr on Jan. 4, 2013.
