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    Home > Headlines > Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says
    Headlines

    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says

    Published by Global Banking and Finance Review

    Posted on December 18, 2025

    3 min read

    Last updated: January 20, 2026

    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Presidentfinancial communityinternational organizationsfinancial stabilityeconomic growth

    Quick Summary

    Belarus is close to a major US deal, says Lukashenko, while maintaining strong ties with Russia. A summit with Trump is expected.

    Belarus Eyes Major US Deal, Keeps Russia Ties Intact

    By Mark ‌Trevelyan

    Dec 18 (Reuters) - Belarus is nearing a major deal to restore relations with the United States but will ‍not give ‌up its close ties to Russia, President Alexander Lukashenko said on Thursday.

    Speaking five days after freeing a large group ⁠of political prisoners in exchange for an easing of ‌U.S. sanctions, the veteran authoritarian leader said he expected the thawing of ties to lead to a summit with U.S. President Donald Trump.

    "Everything is moving, as they put it, towards a big deal... Everything is moving towards me and Trump having to meet ⁠and reaching an agreement," said Lukashenko, who until Trump's return to the White House this year was treated as a pariah by the West ​because of his human rights record and support for Russia's war in Ukraine.

    The ‌U.S. side says Lukashenko has offered good advice ⁠as it seeks a breakthrough to end the Ukraine war. U.S. officials have told Reuters that Washington also hopes, by engaging with him, to peel him away to some degree from Russian President Vladimir Putin, his close ​ally.

    The exiled Belarusian opposition says any such attempt is pointless because Lukashenko is heavily dependent on Putin's political and economic support.

    Lukashenko said the two sides were discussing the reopening of the U.S. embassy in Minsk, which was closed immediately after Russia invaded Ukraine in 2022, and the required security arrangements.

    He said the rapprochement with the United ​States would ‍not come at the expense of ​any other country, and that he and Putin had a "complete understanding" of what was going on.

    Belarus has pursued close ties with Russia ever since he took power in 1994, and "as long as I am president, we will not deviate from this policy".

    Belarus this week took delivery of the Oreshnik, he said - a new hypersonic missile that Russia fired at Ukraine for the first time last year.

    Lukashenko, addressing the country's highest constitutional forum, the All-Belarusian People's Assembly, said he would ⁠never allow a repeat of 2020, when mass protests broke out after a presidential election that the opposition accused him of stealing.

    In the course of a speech and ​question-and-answer session that ran for many hours, he ruled out negotiating with "thugs" in the exiled opposition, and spoke mockingly of prominent opponents who were among the 123 prisoners released last weekend. 

    One of them, Viktar Babaryka, was looking well after working in a penal colony stoking boilers, he said. Babaryka suffered health ‌problems while in prison and underwent surgery in 2023 after doctors found fluid on his lungs. 

    "He's lost weight, he looks fine, a handsome man. So why be upset with me?" Lukashenko said.

    (Reporting by Mark Trevelyan; Editing by Hugh Lawson)

    Key Takeaways

    • •Belarus is nearing a major deal with the US.
    • •Lukashenko maintains ties with Russia.
    • •A summit with Trump is anticipated.
    • •US hopes to influence Belarus away from Russia.
    • •Belarus recently released political prisoners.

    Frequently Asked Questions about Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says

    1What is a financial community?

    A financial community refers to a group of individuals or organizations that engage in financial activities, including banking, investing, and trading, often sharing resources, information, and expertise to enhance financial literacy and market participation.

    2What is financial stability?

    Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of markets and institutions, minimizing the risk of financial crises, and maintaining public confidence in the economy.

    3What are international organizations?

    International organizations are entities established by multiple countries to promote cooperation and address global issues, such as trade, security, and development. Examples include the United Nations, World Bank, and International Monetary Fund.

    4What is a president in the context of finance?

    In finance, a president typically refers to the chief executive officer of a financial institution or organization, responsible for overseeing operations, making strategic decisions, and representing the organization in public and regulatory matters.

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