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"We have to do something with these Belarussian rubles," exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic. Now, however, in an effort to stem the flood of hyperinflating domestic prices, authorities have blocked online stores and news websites to stop the run on banks and shops as people scramble to secure their savings. One of the blocked news websites noted, it "looks like the authorities want to turn light panic over the fall of the Belarussian ruble into a real one," calling the blockages "December insanity."
BEIJING, December 21. /TASS/. China believes Russia will be able to overcome the current economic problems, and is ready to offer whatever assistance if needed, China’s Foreign Minister Wang Yi said in an interview with Hong Kong’s Fenghuang television channel on Sunday.
In response to a question on whether China will provide support to Russia through the Shanghai Cooperation Organization (SCO), Qin said China is considering financing a number of priority projects with the Eurasian economic cooperation fund for the SCO members, which includes China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
He said China will actively consider using the 40-billion-U.S. dollar New Silk Road Fund to finance cooperative projects with SCO members.
China is also coordinating with other SCO members to steadily foster the SCO development bank, which is designed as a long-term stable financing platform for regional cooperation.
I think China is done "emerging" as a Superpower.
A senior Russian lawmaker has warned Belarus President Aleksandr Lukashenko against détente with the US, warning him he could end like Libya’s Gaddafi.
“Milosevic, Gaddafi and Hussein all tried to be friends with the United States. Their fates are well known. Now the US is offering ‘new relations’ with Lukashenko. This is a dangerous experiment,” the head of the State Duma Foreign Relations Committee Aleksey Pushkov wrote in a Twitter post on Monday.
The comment came soon after US Assistant Secretary of State Victoria Nuland talked about a small improvement of US-Belarus relations, adding that the country was always open to more dialogue with Belarus.