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Thought September 15, 2020 / 09:34 am UTC

Putin Wants A Rublezone With Belarus, Not Another Ukraine

By Francesca Beausang
Russian President Vladimir Putin’s USD 1.5bn loan to Belarus is likely conditional on a Russia-Belarus Rublezone, which will cement Russia’s expanded sphere of influence. The EU could impose sanctions on the Rublezone, but they are unlikely given the legal basis for the union was established two decades ago.