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"By support we primarily mean favourable trade conditions, such as continued supply of hydrocarbons at attractive prices, and the willingness to refinance existing debt," the agency's note reads. "We note that as of end-2016 Russia accounted for around 50% of Belarus' total public sector external debt. We currently expect bilateral relations to remain stable over the medium term, although downside risks exist."
20 BELARUS Country Report December 2017 www.intellinews.com