On August 9, 2020, presidential elections were held in Belarus. According to official data voiced by the Central Election Commission, Aliaksandr Lukashenka, the incumbent president, won with a sweeping 80.1% majority. Ensuing protests became unprecedented in the history of independent Belarus in terms of both the number of people involved and violence used against protesters. Nevertheless, more than three weeks into street protests, it looks like the ‘margin of strength’ of the Belarusian political regime has turned out to be somewhat greater than the opposition and many analysts had anticipated. This working paper analyzes the rationale and the main triggers behind the protests as well as the political dynamics of the Lukashenka regime.