Royal Bank of Scotland (RBS) has said it will no longer do fundraising work for the Belarus government following a campaign by human rights groups. Free Belarus Now and Index on Censorship argued that companies such as RBS were helping to support the regime of "Europe's last dictator". Index said that RBS and other banks had sold $1.85bn (£1.1bn) worth of government bonds over the past year…"Given sanctions...[and] the deteriorating political situation in Belarus…RBS has ceased any type of capital-raising for or on behalf of the Belarus Republic, and we have no plans to change that position until these issues have been resolved," said RBS in a statement. "In assessing where we do business, we have a responsibility to consider a number of factors, including social and ethical issues and compliance with the letter and spirit of all international sanctions."