Belarus Bailout Hinges On Russia

For the second time in two years, Belarus is facing bankruptcy. And for the first time, it seems that Russia will be mainly alone in picking up the tab. Belarus’ currency reserves are running dangerously low, having slid from $6 billion to $3.7 billion over the past six months, according to the web site of the country’s central bank. The situation is reminiscent of summer 2009, when […]