On March 27, a series of personnel changes in the leadership of two key economic institutions—the Government and the National Bank of Belarus—came to an end.

These shifts signal a stronger role for the government in economic regulation, primarily through a nominal weakening of the National Bank’s influence, now headed by the former Prime Minister.

As a result, the new government lineup will likely have greater control over economic policy, with a stronger focus on domestic issues. Meanwhile, the limited rotation among top officials suggests continuity in the current economic course.

For details on the appointment procedures of the new government and what these changes mean for businesses, check out our new memo below.