Not All is Lost

As reported earlier, the procedure for paying dividends to residents of unfriendly countries has been changed — all payments now require the approval of the local executive committee. Previously, dividends of up to 80,000 base units per year could be paid without approval.

If permission is denied, the dividends are transferred to a special account in Belarusian rubles opened for the foreign shareholder in accordance with Decree No. 285 of September 13, 2023.

Funds from this account may be used for:

1. Financing investment projects in Belarus.  
2. Repaying loans provided by the Development Bank or under decisions of the President.  
3. Purchasing government securities issued specifically for these purposes and not traded on the market (no such issues have taken place yet).
4. Irrevocable deposits with a term of at least one year.