The Finance Ministry of Belarus has accused international debt-rating agency Moody's of a provocation that Minsk says is intended to affect its eurobond market.
Belarus tripped toward default as unprecedented sanctions largely cut off both it and ally Russia from international financial markets and reportedly led Minsk to miss a payment on its dollar bonds.
Moody's issued a comment on July 14 suggesting actions by Belarus "constitute a default."
Russia fell into default last month on its foreign debts for the first time since 1918, a result of sanctions and countermoves over its war on Ukraine that have included Moscow's efforts to force outsiders to make or accept payments in rubles rather than dollars or other hard currencies.
Countries that default generally lose access to global investors and are forced to pay higher costs of borrowing due to increased credit risk.
The Belarusian ministry added that it hadn't requested any assessment of Belarus's debt situation from Moody's nor had the agency contacted the ministry on the debt issue.
Belarus is a key Russian ally whose international isolation intensified amid a brutal crackdown after a flawed presidential election in 2020 in which longtime President Alyaskandr Lukashenka claimed re-election to a sixth term.
Lukashenka's regime has since sparked a migrant crisis on its borders with EU members, diverted an international flight to Minsk in an apparent scheme to detain a regime critic, and allowed thousands of Russian troops to stage part of the invasion of Ukraine from Belarusian territory.
The Finance Ministry on July 15 said Moody's accusation of default on sovereign debt was "provocative" and aimed at creating an "artificial shock" around Belarus eurobonds, according to Reuters, RFE/RL reports.
See all the news
What regime of sanctions applies to Russian oil and what requirements Georgia has to comply?
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
#TheCheckpoints: The Professional - Demnagram_Story of Saba Bakhia
#პროფესიონალი: საბა ბახია
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
ყველაზე სანქცირებული რუსი ოლიგარქები
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
OECD formally terminates the accession process of Russia
"Today we are all Ukrainians"- Zurab Pololikashvili
საქმიანი დილა - 25.02.2022 - გადაცემა სრულად
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI