Support The Moscow Times!

Belarus on Censorship Spree Amid Currency Plunge

People stand in line to withdraw money at an automated teller machine (ATM) of a bank in central Minsk.

Belarussian authorities have blacklisted leading independent news websites as the country's currency entered a free fall that the government is attempting to curb with draconian regulations.

Belarus' central bank imposed a 30 percent commission on buying foreign currency on Friday, Interfax reported.

The move came after the U.S. dollar exchange rate grew about 800 Belarussian rubles to some 11,750 per dollar in two days, Interfax reported.

Some travel agencies and online retailers attempted to save themselves by using a rate of 15,000 Belarussian rubles per dollar to make up for losses, Interfax said.

The situation reportedly prompted Belarussians to flock to currency exchanges and shops in a bid to get rid of the national currency.

The Belarussian government banned price hikes and shut down 13 leading online retailers, the Odsgomel.org news website reported Saturday.

Soon afterward, access to independent websites, including Belapan.com, Naviny.by, Udf.by, Zautra.by, Belaruspartisan.org, Gazetaby.com and Charter97.org, was blocked in Belarus without warning, Belaruspartisan.org said Saturday.

The country's President Alexander Lukashenko blamed the crisis on Russia, whose own ruble currency has lost 46 percent against the dollar this year.

But Lukashenko — in power since 1994 and known for quashing opponents with an iron hand — pledged to restore the situation to normal with his usual harsh measures.

"We'll stabilize in half a year thanks to the system we have in Belarus — a system of a tough power vertical, tough requirements," he said.

Independent economist Yaroslav Romanchuk predicted in comments to Interfax that there would be a rate of 20,000 Belarussian rubles per dollar by the spring.

But authorities were unperturbed: The central bank also denied economic causes of the crisis and blamed a simple — and amendable — lack of banknotes.

"Airplanes with foreign currency are on the way," the bank's deputy head Taras Nadolny said Friday.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more