"There Is A Reason For Lukashenko's Public Tantrums"

• 9.02.2026, 19:45

The dictator's headquarters was faced with a fact.

The reason for the nervous meetings, light switch-off and other impulsive measures is Lukashenko's panic amid the lack of foreign currency in the state reserve, writes "Belaruskaya vyvedka":

- A "loss" in the "gold and crypto casino" happened. Two reasons. Lukashenko personally instructed the National Bank in November 2024 to dump the euro and the U.S. dollar and buy gold. Throughout 2025, gold rose, the difference in growth was drained in currency to the market. Then gold dropped in value and it was a shock. There was no currency left in the treasury. It is so critically scarce that it threatens to be catastrophic. The collapse of cryptocurrency deprived Lukashenko's personal treasury of a significant share of assets, thus weakening the financial safety cushion. The stereotype of wealth has been shattered and Lukashenko's headquarters was faced with the fact that the money is much less than everyone estimated. The result - public hysterics of Lukashenko himself.

The National Bank is preparing for a smooth or sharp devaluation of the Russian ruble, which will inevitably lead to devaluation of the Belarusian ruble:

- Options of decoupling or mitigation of the effect are being considered. The question is not about expediency, the question is when.

The check of combat readiness in the troops is connected with the events in Iran. Lukashenko is intimidated and gave the command for a surprise inspection of the army. The purpose is not to intimidate the neighbors, but to make sure that the Defense Ministry troops are ready to support the internal troops and police in major cities in case of future possible mass protests and riots against the background of a possible future collapse of the economy.