This content is not available in your region

Mystery cash windfall for Belarus

Mystery cash windfall for Belarus
Text size Aa Aa

The president of Belarus says his country could soon receive ten billion dollars in cash, but he did not say where the money is coming from.

Belarus is suffering a financial crisis that has resulted in its currency being devalued by over a third, leading to soaring prices and a huge drop in the value of savings.

Recent days have seen protests on the streets of the capital Minsk, some of which have turned violent.

President Lukashenko announced the cash windfall on state radio on Friday. Recently he has been lobbying the IMF and its largest neighbour Russia for billions of dollars in loans to help the ex-Soviet country pull out of the crisis.

Russia is pressing Belarus to sell off several key state assets to raise cash, including its gas pipeline network and its potash mines.