RBI pulls out of Belarus market

Central bank joins Western exodus amid Ukraine war

Moscow’s closest ally in Europe becomes increasingly isolated

Russia’s central bank has pulled out of the Belarus market, becoming the latest in a series of Western institutions to do so amid the war in Ukraine.

The move is a further sign of the increasing isolation of Belarus, which has been a staunch supporter of Russia throughout the conflict.

The National Bank of Belarus said in a statement that the Russian central bank had decided to "terminate its operations in the Belarusian market."

The statement did not give a reason for the decision, but it comes amid a wider exodus of Western businesses from Belarus.

In recent months, several major Western banks, including HSBC, Citigroup, and JPMorgan Chase, have announced that they are closing their operations in Belarus.

The International Monetary Fund has also suspended its lending to Belarus, and the European Union has imposed sanctions on the country.

The Russian central bank's decision to pull out of Belarus is a significant blow to the country's economy.

The Russian central bank is one of the largest banks in Belarus, and its withdrawal will make it more difficult for Belarusian businesses to access foreign currency.

The move is also a sign of the increasing isolation of Belarus, which has been a staunch supporter of Russia throughout the war in Ukraine.

The country has been hit by a series of Western sanctions, and its economy is expected to contract by 4% this year.

The Russian central bank's decision to pull out of Belarus is a further sign that the country is becoming increasingly isolated.

The move is likely to have a significant impact on the Belarusian economy, and it is a sign of the increasing isolation of the country.