Fitch:
- downgrades Belarus to 'CCC'
- sanctions introduced against Belarus since start of conflict build upon those put in place after post-election political crisis in 2020
- on Belarus, says new eu sanctions will deepen those imposed on exports in 2020 and close some loopholes that have marred their effectiveness
- has downgraded Belarus' long-term foreign currency issuer default rating (idr) to 'CCC' from 'B'
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Belarus has allied itself to Russia in the war on Ukraine. Belarus is a client state.
belarus
