Categories: Market Overview

Belarus’ president remains defiant

Belarusian President Alexander Lukashenko has rejected calls to quit following his contested re-election, warning that the former Soviet republic would “perish as a state” if it was forced to repeat the vote.

Opposition protesters took to the streets for the eighth consecutive day of anti-government demonstrations on Sunday, demanding the departure of the country’s embattled authoritarian leader.

It comes as anger grows over reports of police violence and allegations of electoral fraud and poll-rigging in the August 9 presidential election.

Lukashenko, who has been in power since 1994, claimed a landslide victory in the vote that gave him his sixth term in office and has denied allegations of fraud.

“Until you kill me, there will be no other elections,” Lukashenko told workers at a tractor plant on Monday, Reuters reported, citing local independent media outlet Tut.by.

Official results indicate he received around 80% of the vote earlier this month, while main opposition candidate Svetlana Tikhanovskaya, 37, was said to have received around 10% of the vote.

The opposition called for a general strike from Monday. It comes after thousands of workers at state-controlled factories, a traditional support base for Lukashenko, went on strike late last week.

Meanwhile, German Finance Minister Olaf Sholz described Lukashenko as a “dictator” who had lost the support of the electorate, warning Moscow from intervening to prop up a president that “no longer has any legitimacy.”

Belarus’ president remains defiant after largest protest in country’s history, NATO ‘closely monitoring’ situation, CNBC, Aug 17

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team
Tags: protest

Recent Posts

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

13 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

13 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

16 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

16 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

1 day ago

This website uses cookies