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Now Moscow can afford to pile on pressure until he cedes control of state firms and subscribes fully to a customs union with Russia and Kazakhstan.
Now Moscow can afford to put pressure on Mr Lukashenka until he cedes control of state firms, including its refineries, and fully complies with the customs union between Russia, Kazakhstan and Belarus, which Moscow sees as an alternative to the EU.In the past Mr Lukashenka often managed to outwit both Moscow and Brussels.
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Out-of-state firms stated their intentions this summer and fall.
The requirement to recapitalise government banks may also spark a renewed debate about forcing India's state lenders to consolidate.However, the idea that the government should cede all control of state-run firms is contentious everywhere.
Fear of adverse political reaction is making Chinese firms more cautious and pushing Beijing to tighten control of state enterprises seeking resources deals.
Consider China's supposed reforms of its state firms.
That will threaten the traditional ownership pattern of Asian firms—state firms, family conglomerates and companies controlled by Japan's manager-kings.
In my state, New Jersey, Democrats took firm control of the state's Legislature.
It is also busy privatising, thereby freeing from official control prices set at present by state firms.
The ratio is widely viewed as more an effective form of corporate credit control than interest rates in China, where state firms can readily obtain loans on favourable conditions thanks to local political connections.
In a new paper, he examines how exactly China's big state firms are controlled, and reaches troubling conclusions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com