Belarus suspends payments to unfriendly foreign residents

The President of Belarus, Aleksandr Lukashenko, signed Decree No. 137 On Enforcement Documents on April 7^th – as reported by the Belarusian leader’s press service

The document aims to protect national business entities from writing off money from their accounts upon request of foreign residents that commit unfriendly actions against Belarusian legal entities or individuals.

The decree suspends the execution of enforcement documents issued in favour of such residents. In addition, banks and other financial organisations are obliged to refuse to accept payment claims submitted by these resident companies on their own according to enforcement documents without the payer’s acceptance.