Business Interruption in Belarus
Following the August 2020 elections in Belarus, protests began in opposition to the election of Lukashenko, who has been president since 1994. Worker strikes and protests due to the election are impacting the country’s labor and economic outlook. Amnesty International reports that the government is pushing back against private trade unions through arrests and other means.
Violence has been continually used by authorities to quell protests and advocacy. The government also cut off internet service for several days in August 2020, impacting the ability of activists to report on the protests.
The government response over the last year has harmed many industries, including IT. Technology workers are leaving Belarus for neighboring countries including Latvia and Lithuania, which have created expedited visa procedures for such workers. Belarus is now facing sanctions from the EU, UK, as well as the US and Canada. The sanctions target some government figures, and various sectors including finance, oil, and potash industries. It has been estimated that the protests have cost Belarus $500 million.
If you have employees in Belarus, the ongoing protests and government intervention could negatively impact your business. Making sure your payroll process is secure and compliant so employees are paid accurately and on time is vital to maintaining operations during uncertain times. We can help navigate the payroll regulations in Belarus to ensure your business can stay compliant and avoid any complications due to in-country issues.
Talk to us today about automating your payroll process in Belarus – we can help maintain business continuity during times of uncertainty in any country. Click here to learn more