In this section you will find information about Belarus. Professional journalists from the independent non-state publication officelife.media (location - Minsk) tell about what is really happening in Belarus. No political accents or ideological attitudes. Only the most important facts so that you understand the essence of what is happening in this corner of Europe.
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Belarus has paid off its debts for the gas supplied to the country, and Russia is ready to return to negotiations on the price for next year. Investigators are blocking bank accounts of protesters who received help from BY_Help. Belarus, November 11, 2020

The debts of Belarusian consumers for Russian gas supplies have been fully repaid, and the parties can start discussing the terms of gas supply from January 1, 2021. The bank accounts of the beneficiaries of the BY_Help foundation are being blocked. It turned out that the founder of the foundation became a suspect in a criminal case. The problem loans of Belarusian companies increased by almost 31%.

Russia returns to the discussion of terms of gas supplies to Belarus in 2021

Gazprom announced the resumption of negotiations with Belarus on the price of natural gas supplies in 2021. The head of Gazprom Alexey Miller and the Minister of Energy of Belarus Viktor Karankevich agreed that the debt of Belarusian consumers for Russian gas supplies has been fully paid off, and the parties can begin discussing the terms of gas supply from January 1, 2021.

The Ministry of Energy of Belarus reported on the repayment of the debt to Gazprom on October 16. However, a subsidiary of the gas concern Gazprom Transgaz Belarus didn’t agree with the amount of the redemption and published the claims on the same day. The company stressed that the billing period was not indicated in the payment documents and the penalty for late payment for gas has not been paid.

Investigators are blocking bank accounts of protesters who received help from BY_Help

The civil initiative BY_Help, which collects donations and helps victims of the actions of the Belarusian authorities, announced yesterday that their recipients’ accounts are being blocked.

Today the reason was found out. The Investigative Committee of Belarus reported that Aleksey Leonchik, one of the founders of the BY_Help foundation, became a suspect in a criminal case. The authorities established the facts of transferring money to Belarus from his account in a foreign bank. According to the Committee, the money was used to “support the protest actions”, so these funds were seized.

According to the investigation, Leonchik's goal is to destabilize public order. He transferred money for material aid to those who took an active part in the protests. The fines for the protesters are quite substantial, each fine exceeding the average monthly salary in the country. Therefore, citizens have come together to financially support those who go to the marches.

BY_Help started helping those who suffered from the actions of the authorities since May. Financial assistance is used to compensate for the costs of lawyers, pay fines, and support their families.

As of November 8, more than 3300 applicants were supported, in total, there are over 8700 applications in the database. More than 3.6 million rubles ($1.4 million) were paid.

Alexey Leonchik said that the foundation will continue to work, but will change the methods of money delivery and payments.

Rating of large banks in Belarus for three quarters

According to the statistics of the National Bank, the general profits of banks fell by 21.3%. Income from operations with securities fell by more than 30%, and allocations to reserves increased significantly. Interest, commissions and other expenses also increased. Office Life has studied the reports of the most important market players.

The leading position belongs to the state-owned Belarusbank. Its profit, although it fell by a quarter in relation to last year, however, is much ahead of all others - 248.7 million rubles ($97.3 million). It is followed by Alfa-Bank, whose profit, on the contrary, increased by 43% and amounted to 79.7 million rubles ($31.1 million). Priorbank lagged behind quite a bit, it earned 76.4 million rubles ($29.9). The top 5 are closed by BPS-Sberbank and Belagroprombank.

Problem loans of Belarusian companies grew by almost 31%

According to the National Bank, as of October 1, problem loans of Belarusian companies in Belarus amounted to more than 101 million rubles ($39.5 million). Since the beginning of the year, it has grown by 30.9%. Compared to October last year, the volume of such debt has decreased by almost 57%.

Meanwhile, the volume of such loans among individuals is constantly growing. In October 2019, it was 35.5 million. As of October 1 of this year, it amounted to 53.1 million rubles ($20.7 million), which is almost 50% more than in October last year. Since the beginning of 2020, problem loans of individuals grew by 17%. In the total volume of loans, this doesn’t exceed even half a percent. With companies, the picture is the same.


In this section you will find information about Belarus. Professional journalists from the independent non-state publication officelife.media (location - Minsk) tell about what is really happening in Belarus. No political accents or ideological attitudes. Only the most important facts so that you understand the essence of what is happening in this corner of Europe.