Every cloud has a silver lining, or so the saying goes. For mandate-hungry investment bankers desperate to secure another multi-million dollar year-end bonus, the political woes of Belarus could yet prove to be an unexpected source of much-needed business in 2007. Not so much a silver lining then, more a gilt-edged opportunity.
The economic fallout from the spat over oil and gas prices between Belarus and Russia means that the authorities in Minsk are now facing up to the prospect of plugging a hole in the country’s finances with the help of funding from their one-time ideological foes in the west.
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