SCMP: Belarus protests cast shadow over China’s Belt and Road ambitions as Lukashenko refuses to relinquish power
Thu August, 2020, Age: 4 years
China’s economic presence in Belarus has grown in recent years as it looks to increase its influence throughout Eurasia and Lukashenko has sought a closer relationship with Beijing to offset a historical dependence on Russia. China’s total foreign direct investment in Belarus grew to US$450.3 million in 2019, according to the National Bank of the Republic of Belarus, substantially lower than the country’s main trade partner Russia, which spent US$4.5 billion. But in 2016, China agreed to lend US$7 billion to Belarus through credit lines, according to the Ministry of Commerce.