{"id":186347,"date":"2026-05-05T14:30:02","date_gmt":"2026-05-05T11:30:02","guid":{"rendered":"https:\/\/pozirk.online\/en\/news\/186347\/"},"modified":"2026-05-05T14:30:27","modified_gmt":"2026-05-05T11:30:27","slug":"lukasenka-questions-governments-plan-to-convert-cement-companies-debt-into-rubels","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/186347\/","title":{"rendered":"\u0141uka\u0161enka questions plan to convert cement companies\u2019 debt into rubels"},"content":{"rendered":"\n
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\n (Belarusian Cement Company)<\/span>\n <\/div>\n <\/figcaption>\n<\/figure>\n\n\n\n

May 5<\/strong>, Pozirk<\/em><\/strong>. Alaksandar \u0141uka\u0161enka has criticized a government’s proposal to convert Belarusian cement producers\u2019 foreign currency debt into Belarusian rubels, while accelerating repayment deadlines from 2029 to 2026, his press office reports.<\/p>\n\n\n\n

A large-scale modernization of the country\u2019s cement production facilities took place between 2012 and 2013, costing approximately $1 billion, he noted. \u201cDid the cement companies do this with their own money?\u201d he wondered. \u201cSix years ago, a decision was made to restructure these companies\u2019 debt, with repayment extended until 2049. Six years later, we are discussing the same issue again. That\u2019s why such proposals alarm me.\u201d<\/p>\n\n\n\n

The Belarusian ruler warned cement companies’ CEOs against being too confident, criticizing the cement producers for pricing practices that allegedly make domestic consumers pay more than foreign buyers. \u0141uka\u0161enka also pointed to reported cases of corruption in the procurement of raw materials and equipment.<\/p>\n\n\n\n

Earlier this year, Alaksandar Da\u016dga\u0142a, CEO of the management company of the Belarusian Cement Company holding, boasted of successes despite Western sanctions imposed in 2022. However, he admitted that Russia had become the main market for Belarusian cement, instead of Poland, the Baltic states, Ukraine and Moldova.<\/p>\n\n\n\n

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