Russian Cuts Part Of Belarus’ Power Over Debt Payments

The country of Belarus is currently experiencing their worst financial meltdown since the days of the USSR and now Russian has cut power to part of the country.

Belarus officials confirmed that they currently owe Russian $54 million and because of that debt Russia has stopped providing power to 10% of the country.

At this time Belarus is asking Moscow for a $1.2 billino bailout, while requesting $8 billion in emergency funds from the International Monetary Fund (IMF).

As part of their recovery efforts the country has raised their main interest rate to 16% up from 14% while the countries “staple foods” have experienced a price freeze until at least July 1.

An unnamed source at Russia’s energy export monopoly is giving the country until June 19 to pay their outstanding balance, although they have not said what will happen after that point.