Belarus says it is unable to pay off debt due to sanctions
Belarusian President Alexander Lukashenko chairs a meeting with high-ranking officials in Minsk, Belarus October 21, 2020. Nikolai Petrov/BelTA/Handout via REUTERS
Belarus said on Wednesday it was unable to repay its foreign currency-denominated debt due to sanctions imposed on it by the European Union and the United States.
The World Bank said on Monday it had placed all loans made by its main lending arm to Belarus into "nonperforming" status effective immediately, citing overdue payments amounting to $68.43 million.
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