The authorities are faced with another serious dilemma. On the one hand the ruling group is aware that a currency shock is approaching even faster than the pessimists predicted. On the other hand, the Yanukovich administration can obtain gas discount only in exchange for something really substantial. The Party of Regions will lose either way. The big question: which is the lesser of the two evils? More about economic perspectives, please, read at our last quarterly report “The Belarus Trap”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.