Belarus: A Refined Regime

Belarus now pumps large quantities of oil to the EU. What does this mean for the economy and the prospects for democratization?

Belarus as a trade-based economy oriented towards Europe sounds like a vision of Belarus' embattled opposition politicians—but in fact, this is the picture that emerges from European Union trade statistics. With over half of its exports going to Europe and billions of euros in revenue and profits flowing back, Belarus appears to be in far better shape today than just three years ago, when its outdated goods could not compete, even in Russia. So what happened in the last few years?

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