Lukashenka: We already have one foot in financial and economic crisis

The world is facing a significant deterioration of the economic situation due to the pandemic and the raging of the U.S. the dollar caused by the fall in oil prices, Belarusian President Alyaksandr Lukashenka said during Friday’s visit to Adani Company.

He also commented on the current decline in the Belarusian ruble.

“I do not want to utter platitudes. I will just share my opinion. As for the financial and economic crisis, we already have one foot in it. And now, given high volatility and fluctuations, we are trying to pull it back.The key question is whether we will be able to pull back the first foot or the other foot will be stuck as well,” state-run news agency BelTA quotes Lukashenka.

In the run-up to his annual State of the Nation address. the world events and probable scenarios are being analyzed; plans of actions are being developed, he added.

As reported earlier, the Belarusian ruble keep falling against the dollar and the euro. The rate of the Russian currency continues to decline, too. This week, the dollar has risen to to 2.5 BYN, while the euro has reached 2.7 BYN.

Economist talks about potential global recession