Belarus meets West

The authorities of Belarus announced the freezing of foreign stock packages in 190 Belarusian companies in response to Western sanctions imposed for human rights violations in Belarus and the support of the Russian invasion of Ukraine.

“In order to protect the interests of the Republic of Belarus, shares are blocked in deposit accounts of their owners on the list on the basis of the order of the Ministry of Finance to restrict the handling of securities,” the country’s Belorussian National Legal Internet portal reports.

This measure applies to stakes belonging to shareholders from countries that “commit unfriendly actions against Belarusian legal and/or individuals.” They are forbidden to dispose of their shares.