• 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'


Belarus has allied itself to Russia in the war on Ukraine. Belarus is a client state.